<prompt> Human: I am about to purchase my first condo in Chicago and am looking for some financial advice.About me: 28, college educated, married husband is involved in a high risk startup, and wants to stay out of my home purchase, hes financially independent, will pay me his share of rent once I own the condo, no kids yet, steady white collar job, have no loans or CC debt, have just enough money in savings to pay for my dream 2 bedroom condo. My 401K and Roth IRA accounts get about 10K deposited every year. I missed a few credit card payments during my college year abroad, and ended up having a couple of collections on my credit report. So my current credit score of about 570 is not enough to qualify me for a home mortgage.I am thinking of paying for the condo in cash, and putting my monthly savings from rent in tax-advantaged savings accounts 529, HSA etc. so as to minimize my tax liabilities and prepare for the future.Do you think itd be better for me to buy the condo now, or wait for a year or two and buy when I can get a low interest home mortgage?  <response>: Chicago condo owner here: be sure that you budget for property tax increases and special assessments. Its not a matter of if, but when. My taxes have doubled in the five years Ive owned my condo, so if they seem below market value expect a correction after you buy. 