Basically, a friend and I are looking for a place to live this fall. We were going to just get an apartment; but I started thinking, and I figured: why not buy a house? I have enough money for a down payment, I have a roommate (and have a second person interested). It is a huge expense; but from what I've calculated, it's actually really doable. I qualify for this first time home buyers' loan ($20-30,000 interest free loan), and am not looking at houses any more than $110K. I'd end up with a mortgage of probably $60-70K. My dad has agreed to cosign on any loan/mortgage that I take out as well. He was planning on helping me out with housing during college, so he's willing to help pay a little on the principal of the mortgage every month. Any thoughts? I'm really thinking about going for it. It's a huge step. I'm not in any hurry either. I'm just looking at it, and I'd rather spend $500 a month-having it go towards something, rather than just paying rent - gaining nothing in the end.