Should you buy a house or rent? Many young people have aspirations to be home owners, but it's often due to the concept of home ownership being drilled into our brains as a life achievement. In reality, you might be better off continuing to rent! Here's one great tool - a Buy or Rent Calculator - to help you decide: http://www.nytimes.com/interactive/business/buy-rent-calculator.html There are lots of variables here, but hopefully it provides some clarity. Don't but a home because it's "what you're supposed to do"... do it because it's the smart thing to do and because it's what you want to do!