Just the way there is no right time to start investing; there is no right time to buy a house, especially if you are looking for a house to live in. A house purchase works well if you are planning to live in it, so, your first home purchase should definitely be with the same intention. Ask any financial planner about buying a house on a loan and chances are high they will dissuade you if you plan to buy when you already own a house or are paying EMIs on another house and are planning a second house purchase as an investment.