I looked a new 1 bedroom/1 bath condo here in Folsom. Only 179k (has come down some from when they were first built a year ago is brand new). 800 square feet. I can afford the monthly amounts, would be very careful with the utilities, mello roos are 33/month, I forget the hoa's around 150 I think. I am interested in it but do I do it?

For a long time I was saying I wanted a 2 bed 2 bath but at the current prices in CA I may never be able to afford that in a house, condo or town house. So I am seriously thinking about it. What do you guys think? I know RE is a good investment, but is it aworth it on a one bedroom condo? It has everything I was looking for in a condo/town house but it does not have a garage, just covered parking. I can live with that. At least it has the washer/dryer set up that one was my one other requirement.