The conventional home buying wisdom is to buy as much house as you can afford. It is important, however, to limit your mortgage obligation to what you can comfortably manage, especially during times when the economy is uncertain.
If you drop one of your favorite steel planes and dent the sole, metal displaced from the dent will likely leave a raised ring around it that can scratch wood. Simply rub the surface with a fine honing stone to remove the raised area. Once done, you can ignore the remaining dent, oil the unplated surface, and put the plane back to work.