Feels like I'm getting close to making my first home purchase Two likely scenarios 1.) A well-laid out 2br waterfront condo in the gold coast of seattle real estate. Needs minimal updating, but has no storage, only one parking space, and is not a place we could stay in for more than 6-7 years. Would be the least expensive of the two options. 2.) A huge (by seattle standards) home that needs updating, but is amazingly well built and would be fairly straightforward to update. Has an unfinished basement that could be finished in the next 10 years or so, resulting in a 4BR 3bath ideal long term family home. Is in a less desirable neighborhood, but still in a really good residential area. My conservative instincts tell me to go with option 1 because there are very few scenarios where I would regret borrowing money at a historically low rate to buy real estate at a relatively low price in the best area in town. Just a little worried that when we move we wont be able to afford to stay in the city.