Single mom- buying property
I'm a single parent (co-parent with ex) to one young child and am considering buying a condo/townhome. I neither want nor think I can afford a whole house by myself. I make a low 6 figure income and am about to sell the house which I co-owned with my ex and should have enough for a 15-20% down payment. I'm considering $500K to be my max in terms of purchasing.
Honestly, if I could rent forever, I would, but the nagging thought that this is financially unwise for the long-term is a deterrant. I love not having to worry about maintenance issues, upkeep, remodeling, or any other of the sundry issues that go along with property ownership, and this is a big reason why I would want a condo/townhome instead of a SFH. I love the Bay Area, love my job, and plan on staying here for at least the next 20 years, climate control willing/knock on wood. Right now, where I am renting, I am close to work (San Leandro), and everything is convenient. I rent in a good school district (not San Leandro), and I know that buying would likely take my child away from that. Renting just seems so much more convenient, but I know that rents will continue to rise, and I just feel this enormous pressure to buy given that I have a good income and desire to stay in the area long-term.
Any single parents out there who have bought recently? How has your experience been, financially and mentally, being the sole owner? Appreciate any feedback regarding how owning affected your proximity to good school districts as well. My child has learning disabilities, and I wish to not take a chance with her school being "up and coming" vs rock solid.