<prompt> Human: My husband and I are planning to buy a condo. He is working and I am doing my graduate degree. Our basically his take home pay is 7000 per month. The monthly mortgage for the townhouse plus all the fees HOA etc is 3800 which is 54 of our take home pay. After all the other bills, groceries, commute expenses etc, we will probably be able to save around 1000-1400 per month. We have currently around 100k in our IRA account and are contributing to the 401k. Would it be wise to go ahead and buy this place? Any advice would be appreciated. Thank you!Edit: Just wanted to add that we live in a city with expensive rents and expensive house prices. We are currently renting a one bedroom apartment for 2000 dollars in an okay-ish area which is 28.5 of our take home pay. The new place is a 3 bedroom condo in a nicer area.  <response>: Can you afford it? Technically, yeah.Would it be wise? There is literally no financial advisor on the planet earth who would tell you its a good idea to go spend 54 of your take home pay on a condo, which may have increasing expenses or special assessments in the future. 