<prompt> Human: A friend of mine is selling his condo for 180k. Ill be graduating with my MBA in December and expect to make about 65,000. I was trying to think through if its a good idea to purchase his condo instead of renting an apartment, so I am not throwing money at rent but am actually working toward something. I would have one roommate potentially two, but counting on one. Is this something I should seriously look into?Thank you in advance!  <response>: I wouldnt start looking at buying a house until after you get a job and have been in the job a year or so, so you can understand whether the company is stable and your job is stable you wont have to move for work.During that year you can save up for a down payment and emergency fund if you have not already, and make sure your credit score is high enough to get the best interest rate on your mortgage.Also, if you can only afford the place you want to buy with roommates, be very cautious. What if you stop wanting to have roommates? What if you cant find reliable people to live with? 65k is a good salary, but if you have a lot of student loans to pay down, a car payment, or any other debt, you may find that a 1k mortgage payment plus utilities, insurance, property taxes, and HOA fees is difficult to afford on top of everything else. 