Is it a bad idea to dump most of my money into an apartment?

Is it a bad idea to dump most of my money into an apartment? I live in a VHCOL city and currently will have to vacate my current apartment soon. I’ve been looking at rentals in my budget and they’re all terrible (think safety concerns). This has inspired me to look more seriously into trying to buy an apartment as I qualify for a 20% down payment assistance grant. I grew up in my city and I have no intent...

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