Yet to me it dose seem tempting and like a good time to get into the market if I can when I can get a nice place that the value will only go up on, at a price so low and with a payment lower then rent even lower then most room renting situations in the area. When I say low I mean a mortgage payment equal to only one weeks pay, which is a good chunk less then even the cheapest rents for apartments hardly equivalent is. (in part do to the fact that the college population drives up rent rates) The other thing is the fact that the value of the property will in the long run go up, meaning unlike renting where my money is simply going out the door owning my money would in effect be working for me. That and I could decorate, paint etc the place the way I wanted and do improvements on it which would also add the the value of the place. Then like an apartment there would not be the maintenance of yards etc to deal with just maintaining my own "unit".
Is it crazy to be even thinking about becoming a home owner at 23, or is it logical to be thinking of the possibilities and to be looking to take advantage of the current housing situation and possibly grab the bull by the horns?