I'm contemplating buying a condo but keep wavering back and forth on whether or not I think I can afford it.
But if I wait it could easily cost me another $40,000/year! 
So for those of you that have made that leap, any advice? If your willing to share, what was the ratio of your first mortage to your income at the time? My dad thinks I could easily get 4x my income. That's what he was given back in 1983 when my parents bought our house. I told him I'm not so sure, I could probably see 3x. But the only way I can get into the market is if I get 4x, use a big chunk of my savings, and Daddy
'loans' me some $$$ for a downpayment.
