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Dream home or starter home?

I’ve stumbled into a position where my father in law, fiancé, and I all are ready to buy a home. I don’t make a lot of money but my fiancé makes pretty good money and her dad makes great money. We currently have $90k ready for a down payment.

We have found our dream home: lots of land, good land, nice house, almost perfect location, etc. The house is 430k.

Now here’s the question: Should we put ourselves in some debt to get this house and be certain we will have access to our dream home or should be buy a ~$200k house and plan to pay it off real quick and hope to sell?

submitted by /u/dannonyogurt33
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source https://www.reddit.com/r/RealEstate/comments/1rg3ya5/dream_home_or_starter_home/
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