There is no magical number to buy a house. If the house has all amenities you are looking for, it fits into your budget and area is also good then you can spend $131k. You should first ask the price of other houses which have same amenities in the area you are looking to buy a house. Compare price and then take the decision. If you are still not able to make a decision to buy a house, then you can take an advice of estate agent of your area.
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.