<prompt> Human: Looking for advices on the best way to do this. Obviously the market in the City is nothing like anywhere else but Im looking at my options on stop waisting 2500 a month in greedy landlords. should I buy a dirty studio in a not shiny neighborhood read East Harlem and hope for gentrification in the near future? should I buy a house out of the city Long Island and hope to resell it in a few years to move back in the city? is it absolutely unrealistic to obtain a mortgage with less than a 20 down payment ?Any tipsideas welcome!EDITbudget 500-700KDown payment hopefully around 50K  <response>: depends on your Income. 50k isnt a lot for a 500k house 