<prompt> Human: Ive written about whether I should purchase an apartment before, but now with updated info, I would like ask the personalfinance community again. My wife and I are about to purchase a condo in Manhattan Upper East Side and want a sanity check:Purchase Price: 1,400,000Down payment: 600,000 43 of purchase priceMortgage: 800,000 3.5 interestJoint Monthly Salary post-tax: 14,000month.Probable monthly housing payments including mortgage, tax, HOA: 6,400 45 of joint income, post-taxBased on the numbers above, is this too risky or crazy? Our plan is to live in the condo for at least 7 years and hopefully pay off at least half of the mortgage by then, and then rent it out thereafter current rent rate is about 5,500month; deducting tax, HOA, and mortgage, profit per month would be 2,806 and move to the burbs.Are we crazy aka is this too high a risk??  <response>: Thats a hell of a down payment. As long as you think you can maintain that level of income I think youll be okay. 