DEAR NOAH: Is it a terrible idea to buy a condo/townhome as a primary?

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Dear Noah,

I had a quick question regarding the current housing market. I would like to set myself up to start investing in real estate, but currently I don’t even own a primary. I have a downpayment saved up, and I’m trying to evaluate what to do with the current market. I’m living in Boulder, CO right now, so that really hurts the affordability, it's looking like most of the things I can afford here would be a condo/townhome. My timeline is probably 1-2 years as I believe the market is softening right now, especially with the high rates.

I have two questions: 

- Is it a terrible idea to actually buy a Condo/Townhome as a primary?
- What are some good resources to start strategizing my next couple years to set myself up for being able to invest?

Thank you, 
Luke, an aspiring investor from Boulder, CO

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