Here’s my situation. I’m in an apartment that I don’t like, but it’s month-to-month and the rent is cheap so I haven’t moved in the last few years so I could save up for a down payment. Now that I have enough saved up, I’d like to buy a SFH home, but so does everyone else in this market, and right now, the homes in the SoCal neighborhood I’m interested in buying, at the sub 1 million price range are all going over asking, if/when they become available. I’m thinking of buying a condo/townhouse instead at around $500k range, for now, instead of staying at my current place or renting a new place, since I make enough money that would still allow me to save a good amount, while building equity, instead of renting a nicer place, even though renting, would be a little cheaper. And then buy a SFH after ~5 years when I would make back at least my initial investment. Wondering if anyone has been in this situation and/or have thoughts/opinions on what I should do? Should I move and rent a nicer place that I’d be happy with and still be able to save a good amount and take my time to find the SFH I want? Buy the condo/townhouse now, build equity, and sell after I can make back at least my initial investment? Or continue to stay at my cheap apartment, and wait for the SFH I’d be happy living in for 10+ years? Thanks!