<prompt> Human: Hey, rpersonalfinance!So I am moving to either Minnesota or Colorado in about a year. I currently live in PA. Combined, my partner and I make about 31,000year. Were 22. I expect a small income bump when I move, although for the sake of argument, lets assume my income stays the same. Currently, we comfortably afford 1000month in rent for our apartment. My question is, when we move does it make more sense to buy a cheap condohouse than rent an apartment? Lets assume we are looking at a 100,000 home with 10 down. Will my total monthly payments be similar to what Im currently paying for rent? Or how much more would they be? Is it a smart investment?I just HATE throwing away money on rent. Thanks for your help!  <response>: In general, buying tends to be cheaper over the long run. Check out the NYT Buy vs Rent Calculator Remember to compare apples to applesi.e. dont compare the cost of a 750 sq ft apartment in PA with a 1500 sq ft house in CO. I just HATE throwing away money on rent.Just wait until you are a homeowner and you get to throw away money on interest, maintenance, taxes and insurance instead! 