[QUOTE=HuangDi;178634]Wow, thanks for all of the replies guys! I have a lump of money I saved from some deployments in the Navy that is loosing value due to inflation I’m looking to invest. At the same time, my wife works with a pretty good salary as I mentioned before. Lastly, the housing market here in the east bay is continuing to skyrocket …what I am thinking about now is should I try (keyword) to buy a condo now while I can somewhat (another keyword) afford it, or continue to flush $1500 down the shitter every month for a crappy one bedroom. I might wind up waiting until after school…hence the creation of this thread, in case I do wind up trying to ship out of the hall in two years time. You guys have given me a lot to chew on for now though, and again that is very much appreciated![/QUOTE]
If your wife’s income and credit are sufficient to buy a condo on her merits alone, your information matters less. In fact, she could get the mortgage but both names could be placed on the title paperwork. It wouldn’t be a horrible idea to buy what could be afforded on just one salary. That way, you are more likely to survive a catastrophic financial issue like a layoff etc.