<prompt> Human: Hello!So Im a graduate student in Boston. As we all know rent prices in Boston are a little bit wild. Im currently paying roughly 1900Month for an apartment for my roommate and I. When my lease is over though, Im considering a different option.At the term of my lease Ill still have minimum 4-5 years left in Boston. Im considering buying a small house in a suburb of Boston. Ive personally seen and toured some decent examples in okay areas that would cost about 150,000 or apparently an estimated all in monthly cost of 900mo that my roommate and I would split. I would be the one buying the house and my roommate would rent from me.Whats the catch here? Would I really be saving money short term and building equity long term or am I missing something here?Also, I can afford the down payment as I worked in industry for a few years prior to grad school so I have some nice cushy savings.Thank you!Assistant: Writing as a Bostonian who focuses on housing trends for work - in what suburb of Boston are you seeing a liveable home for 150,000? As far North as Haverhill, west as far as Worcester, South to about Plymouth - that is an extraordinarily low price. How much would this increase your transportation costs?x200B;To your question - I recommend that you attend one of the free first time homebuyer courses offered by the Department of Housing and Community Development - link above. You will get a thorough introduction to the homebuying process in MA, your finances will be evaluated for home buying readiness, you can get a counselor to help you with the process if you proceed - and, if your cash reserve is under 75,000 - you will be eligible for some great mortgage options.Human: This one is in Weymouth. Its also pretty darn small and doesnt have central AC. Not much of a house, more of a double wide with a small lot lol.Thank you for the resources though!  <response>: Thats a decent example? Hooboy.If you want to live in a trailer, you can rent one for cheap. 