Is it worth buying a condo (550K budget for a 2 - 3 bed somewhat near Uptown) as a new MBA consultant joining an MBB?

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Assuming you put you’re getting the standard MBB MBA associate salary and putting your signing bonus towards down payment, you’d be right against the max you’d qualify for (assuming you’re debt free). That’s a bit too high for my personal taste.

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Hopefully things will get better but MBB might not be the safe ish place to be at now for such decision unless you have sufficient reserves

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What kind of lifestyle are you looking for? Walkable in the center of town or a little further out with more space? How set are you on Dallas as a long-term place?

If you’re looking for walkability/ok with less space/not sure on Dallas, the economics on a luxury high-rise apartment just seemed to make a lot more sense than a condo building for me. High mortgage rates, high HOA for luxury building, high property taxes, maintenance, and condos typically don’t appreciate as much as houses.

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Depends on the location. If west of 75, I say yes. If one of those new boxy condos east of 75, no.

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If you’re looking at 4906 Live Oak, offer on 4943 Victor instead.

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The monthly HOA is probably insane too I’m guessing.

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Including that in my cost estimates. Refuse to pay an HOA higher than 300 a month.

Decent price for state Thomas. Could be OK for Oak Lawn but depends on the property. Think there is more value to be had in the townhouse properties opposed to the true condo along turtle creek

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Make sure the HOA is manageable and put enough down to make it a good rental property later. Condos do well on short term rentals. Be careful of special assessments.

OTHERWISE - go the townhome route! Worth it.

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Looks pricy. 4K each month including taxes and insurance on a 30 yr mortgage, 5K on a 15 yr mortgage.

Agree with EYP1 OP... No reason to overstretch yourself, (ever, but) especially early in your career. You may want to splurge in some areas, travel, do other things.
Go for experiences first. Live in another part of the country for 6 months....

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Don’t forget to add a maintenance estimate in there as well

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