I'm 27 and married, no plans to have kids for a few years at least. Our only debt is student loans, but a lot of them: $62,815 at about 6.5% interest. I've been aggressively paying these down since I finished grad school last May. We're pretty frugal - mostly thriftstore clothes, no smartphones, no cable, and I take (paid for) public transportation to work. This leaves us with about $800-$1,000 every month to put towards debt or house savings.
I'm starting to rethink my plan to pay off the debt ASAP. I KNOW that's the typical advice. But, with housing prices and interest rates so low, and starting to possibly turn around, is paying off student loan debt really the priority? We'll pay a few thousand each year in interest which is a bummer, but if I lost my job the loans would be deferred (and they'd die w/ me so my husband wouldn't be stuck with them). We're throwing away $1500 every month towards rent (this is actually a good price, as we live in DC and it includes utilities), and I just wonder if we should shift the focus towards down payment saving. We'd try to buy for under $300K, although commuting costs will increase.
Currently we have $10K saved for a house. We also have $16K in retirement savings and $1K in an emergency fund, although my parents would be available to help if there were a real emergency.
Thoughts, anyone?