I am thinking about doing that to. What year maturities are you buying? 1 year, 2 year , 3 year , 5 year. How far are you going out? Equal amount in each year?
The last few weddings I went to cost under 3k. I thought they were fine. So I just can't relate to this. To be honest I am worried about it and even more so after the wedding what others things will come up. I keep thinking of this clip
Maybe a better question is can your son afford this...
I am thinking like RobbieB. I would not sell and pay 2x to rent. I would try to rent around the same $ House prices might go down a little bit but I am not looking for 2010 prices.