I'm in the same boat right now - I'm paying >$2k/mo in rent. I could certainly wait to get the full 20% down payment, but it makes more sense to me if I buy a c

I'm in the same boat right now - I'm paying >$2k/mo in rent. I could certainly wait to get the full 20% down payment, but it makes more sense to me if I buy a condo now, build the equity, and down the road I can keep saving for a nicer place once I outgrow the condo. Sure I'll be mostly paying interest to start, but this way I'm at least seeing some sort of investment if I have to spend that much per month on living. I could certainly have found a roommate or a cheaper place but frankly, I've gotten used to what I'm paying now and I still have plenty leftover to contribute to a 401k, savings, and enjoy myself.