What sucks even more than paying $2200 a month in rent is paying $2200 a month in interest plus taxes on an asset (property) that is falling $2200 a month in value. Now that's a party!
When I was in banking the rule was to lend a doctor whatever they wanted. In general, they were terrible businessmen and wildly optimistic about their futures. But it was OK because they (almost) always made so much money that they could dig themselves out when it came time for the discipline.
Now, I'm not so sure they'll be able to do the digging- the truly big money is mostly gone, and the government may ruin their futures. Hold off- you won't be sorry. Try having some real savings... for when that truck hits you.