Im 23 and make 42K a year. Should I buy a condo?

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      Anonymous
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      I have a steady job as a scientist, paid off car, paid off student loans, and about 20K saved up. No debt and I live frugally (internet, phone, and food would be my money eaters…) I make 42K a year, maybe 28K after taxes. No children or hubby in future, so a small 1BR condo would be nice for me. Should I go in and buy? Entering my info on various mortgage calculators, I am told I can afford a house that costs max …55K! I feel like I can afford more than that…but of course that’s what everyone thinks! Also, I hear 1br condos have bad resale value. What should I do?

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