[quote=Looking2buysoon]Thanks, we used to rent a condo located in PQ (right by the 56 and 15) Despite some of our neighbors looking down on us for being renters we liked it and loved the location.
Trulia has tons of these 2 bedroom 2 baths listed at $175-250k. We are 26 and hope to be parents before 30 so our thinking is to maybe sneak into a condo or townhome. Stay in it for maybe 5 years or until our kid is old enough to run around and need more space.[/quote]
Somehow it seems that the moment you are expecting, the amount of stuff quadruples. In all seriousness though, there is a lot of stuff associated with kids even when they are infants.
I think in the situation you described I would think it is a better call to rent. If you only have 10k for a downpayment, how much do you have for emergencies?