For the last 5-6 years I've been living in apartments and decided to make the jump to buy a house, as I had a reasonable downpayment and would renting out the basement apartment. What I didn't realize though that advertising an apartment and finding someone is tough around here and it seems everyone is only interested in new houses. I definitely don't make enough per year to afford this house on my own, which is the reason why I bought this type of unit. With my first mortage payment due in October I wonder if this was a good decision to make. Currently I'm living in a 200 sq ft studio apartment with heat and light included for $600/month, and my mortgage is over twice that amount with utilities extra. The apartment however isn't in the best spot in town and the landlord rents the rest of the place out to whoever, so there's a lot of shady people around all the time. In the winter the driveway hell to shovel as it is on a busy street that gets plowed by the city several times a day, as it is one of the main roads. Should I have given up this apartment for something a little bigger with more space, and have I made a good decision in all of this? I really love to travel and thought that this move wouldn't affect my ability to save for a vacation, but now that I'm locked into this mortgage I feel like I'm going to be house poor .