Depending on how all the extra costs of ownership add up, it could make sense.
Just have a quick comment. Make sure you're comparing equal situations between renting and owning. Why couldn't you share a rented 2-bed apartment right now? How much does it cost to rent the 2 bedroom? Divide in half and you have an idea how much that would cost.
This needs to be compared to the full cost of ownership (mortgage, condo fee, maintenance, risk of vacancy, insurance, etc.). Don't forget the other issues with owning housing (less flexibility in moving, down payment tied up outside of investments, etc.) You can probably assume that the value of the condo will go up a bit, but don't be too optimistic there.
In your example, if the cost of a 2Br to rent would be $1600, then you could have a big upgrade to living space by increasing your rent to $800 (share 2Br with someone as renters). Or, you could buy and pay $1343 + any other costs + intangible costs - whatever rent you can earn. As long as you're honest about the numbers on each side, this should guide your choice.