<prompt> Human: Me and my wife expecting a baby in 4 months, rent a 1B1B in-law unit in Fremont for 2200 dollars incl. all utilities. With rent this high, we thought why not buy a condo. So, I looked at all the 2B 1B condos sold in Fremont area over the past 2 months in Redfin and I could see a lot of them sold for 550,000.I have a good credit score and Redfin mortgage calculator tells me that I would need to pay around 3300 per month for all included Condo mortgage. Given that my current 2 week salary 3500 with a strong chance of an increase and my wife is not planning to work anytime soon, does it make sense to rent or buy ?P.S: I can afford 20 down with cash.  <response>: Babies arent cheap you may very well end up being house rich and money poor I wouldnt advise making a change like that at this point until you are comfortable money wise after the child is born. Hospital bills and baby stuff will tap you out quickly if youre not prepared 