<prompt> Human: Hi all, new to PF but would like some advice.Ive been considering getting a mortgage on a condo to live in for a while now as renting honestly seems like a dead end for someone in my situation.Im 21, live at home and always have with minimal expenses. Doing so Ive casually saved a decent amount of money 20,000 in term deposits then several grand in other places previous 30,000 but I spent 10,000 on a car.My main job is currently in a local bakery but I do do pizza delivery in the evening for extra , and some online projects. That being said I make about 2500-3500 a month working 40-50 hours a week and can save a good amount if I put my nose to the grindstone.By Christmas I can have at least 30,000 saved up which is around a down payment on a condo. Im not on a time frame so Im fine living at home longer, ideally Id qualify for a mortgage myself at a lower rate by having a 20 down payment but if it comes down to it my parents are willing to cosign. Doing the basic math Id need about 30,000 for a standard condotownhouse where Id like to move as they go for 120,000. A mortgage for something like this would be around 800-1000 a month which is close to renting rates which is why Id rather have my money working to something rather than going in someone elses pocket.Im considering and certainly willing to go for a 2 bedroom condotownhouse and to rent one of them out which should be easy enough as Id like to move closer to a university. Ive done a few classes but always had issues living at home since its a 1hr drive so Ive had mediocre results when attending on and off. Im in no rush to return but I certainly see myself ending up their again.The long term Id ideally have a condo renting out one room and living in the other while attending university. The way I see it if I went to university Id be paying the money to live closer so I may as well pay a mortgage then worst case scenario even if I dropped out of Uni again Id have at least worked towards something. Tuition at my local university isnt too expensive roughly 7,000 a year without scholarships so if I work part time and hard over the summer breaks I should be able to manage. Even worst case scenario small student loans would be worth it if the majority of my money is still going towards an investment like a condo unless Im mistaken?For someone my age who is frugal do you think this is a reasonable plangoal?  <response>: In my opinion, at your age Id suggest renting a place. Your only 21 and who knows how much your life and career is going to change over the next few years. Youve already got a healthy amount of savings and it sounds like youll be dumping everything into a down payment leaving you with not much else to work with. If house costs are what you say, Id imagine rent being pretty reasonable.Rent. Enjoy your youth. Keep saving. 