<prompt> Human: A little background: Im an active duty Marine, and take home about 52,000 a year. My wife goes to school full time, but works part time pulling another 12,000 per year, putting us at 64,000 after taxes. I can use a VA loan, which means I do not need a down payment. Basically, Im sick of throwing away rent each month when I could be building equity. Also, were not looking for any ting huge, more like something we like for now, and could rent out when I get stationed somewhere else. What do you think I can afford? I was thinking something small but in the city, like 150,000-200,000. What do you think the monthly cost would be?  <response>: Id say thats probably in your price range, but I dont know your expenses.HOWEVER, its important that you realize rent is not throwing away money. You are paying money for a basic human need - shelter. Money spent on rent is not waste because its not building equity, its literally money spent to help you survive. Money is not wasted on food because you bought lunch at the store instead of buying a farm to grow your own food. Its practical and essential use of your money. 