<prompt> Human: 80kyear currently renting for 1350month. No debts. I would LOVE to buy a condo here in LA to have some equity but any 1 bed is going for 400k on the low end. I only have about 40k to put down. Monthly payments on a mortgage look like they are going to be about 2300 including HOA feesSo the question is...Can I afford it and if so, should I buy? Or keep renting and saving?Appreciate any advice!!! EDIT: So I think the consensus is keep my rent controlled apartment in Santa Monica and keep saving.  <response>: Honestly, if youre paying 1350, like your place, like the area, etc, dont buy. Thats very solid rent for the city. Save that 1000mo difference and wait for a different opportunity. 