Hey BP, I'm an early 30s professional looking to buy his first place. I'm curious, is it worth it to buy a condo in NYC, and furthermore, is using an FHA loan even an option? I hear stories about people getting beat out with tons of cash offers, and FHA offers need to be above asking. Also, from listening to BP podcasts, I hear you aren't supposed to buy based on appreciation because "that's not investing, that's speculating." Can anyone give me their thoughts on this? Mostly on if it's actually realistic to think I can buy an NYC condo with an FHA loan.