Ramsey is uncomfortable with the idea of using leverage in general (supposition, I don't follow him).

s W-2 income, job, and outside interests and hobbies, it's just idle speculation on whether or not a $45k car is worth it.  

But most people would consider you a speculator.  

Mortgage: $1267/monthInsurance:  $800/year, $67/monthTaxes:  $3200/year, $267/monthOpportunity Cost (if you had invested your $50k down payment elsewhere @5%): $2560/year, $213/month-----$1814 in monthly costs not including maintenance or management.You're probably looking at $1400-1500 in rent for this area so, unless you're wanting to generate a tax loss, this looks less like an investment and more like speculation (which is true for almost all Sacramento residential properties in February 2017).

Greed and speculation, maybe

If this, very speculatively, years down the road, ever happened, I could see it being a positive for Cleveland, with only a 30 minute commute between the 2 cities.https://arstechnica.com/cars/2018/04/the-latest-hyperloop-feasibility-study-aims-to-connect-cleveland-and-chicago/

@Miguel CohechaWeehawken by the waterfront is a great place to live.Plenty of luxury condos with lots of amenities.Those condos come at a hefty tag price and very high HOA fees, like you pointed out.My opinion is they don't make great investments either for living in or renting out.If you were renting out, unless you put down a very large deposit, my intuition is that you'll be out of pocket every month.Buying there is buying into the speculation that prices will keep rising and possibly close the gap with Manhattan prices.Maybe they will, maybe they won't.

If you are okay with that and want to hold for the long term a property in Temple may be a good long term investment with the city growing rapidly and  it's proximity to center city with good public transportation access some say it's only a matter of time before the area turns but it's only speculation and I would never recommend investing with hopes of appreciation unless the property cash flows from day one and you are prepared to handle the tenant class that you might attract.

It will be easier to exit if you find you don't like it and if you find that you do like it, you can refi at that point.BUT, if you HAVE to put 50% down just to cash flow, that is not a good deal (unless you are speculating on appreciation--that is a different topic). 

Unless this is a really great appreciating market and you're okay speculating on that, there are probably better investments out there.