<prompt> Human: I posted on another account whether I should buy a condo or finish paying off my student loans. My situation 6 months ago was that I had around 100k of student loans 4.75 and car note of 11k 3. I had 30k saved up to buy a 300k condo doing 10 down with PMI. Being 29 years old, I felt that the normal trend was home ownership, because renting was throwing away money instead of gaining some equity. My income at the time was around 135kyr and expenses rentfoodcaretc was around 2500mo with an additional 2kmo going to student loans did a 5 year refinance with SOFI to decrease the interest from 7.5 to 4.75nbsp;Fast forward 6 months later, I am about 11 months away from being debt free paying off that 100k student loan and car payment in a total of 1.5 years. Even though I got a raise, my wife and I moved into a cheaper apartment 650mo. We learned how to budget, so now our expenses is around 500-600 lower. If I were to buy that condo, my HOA and property tax would have cost me 550mo, which is nearly the cost of my apartment. nbsp;For those who are new grads and feel like they deserve a nice car, house, etc.. remember to do your homework. You will see your friends buying nice, shiny things. I quickly learned that these are also the friends that are now house poor. This community has saved me from a HUGE 300k mistake, which would have made me house poor and in debt for a LONG time. Also, part of the money in savings was used for mine and my wifes ROTH IRA first time doing this. I am also planning to contribute past my employers matching when I am done paying the debt. nbsp;Edit: I forgot to mention that I am now paying off my wifes tuition in full, which we wouldnt have if we would have gotten the condo. The student loan would have been 20-25kyear at a 7 interest.Assistant: Can you explain how 2kmonth can pay off 100k in student loan principal in 18 months?Human: The 2kmonth was his expenses not income, so hes making like 5-6kmonth take home.Edit: oh, might have misunderstood your question. The 2kmonth towards student loans looks to be before he changed his mind on the condo. Sounds like he ploughed those savings into his loans to pay them down faster.Assistant: An extra 4k a month? Honestly this whole post doesnt add up. If hes really in a market where a couple can rent a liveable apartment for 650month within walking distance from downtown, then it seems likely comparable condos and small houses could be had for much less than 300k, unless this is a very strange housing market. With his income, he could very easily afford something like that.Just another look at how much money I make post. If you cant get your finances straight with that type of income and, apparently the ability to pay off 100k in debt in 18 months, then youre a clown, frugal budget notwithstanding. If you can pay off that much debt that quickly, buying a home would almost certainly be the right financial decision.Human: Its an unusual market. Its metro detroit, so there are cities like birminghamroyal oakberkley that is really expensive and places like ferndale that has a decent downtown but costs a lot less.  <response>: Hahaha yep. This makes so much more sense now. 