[JustAnotherGuy]

Originally Posted by Pastiche

I'm a big advocate of renting over buying (to a point) and there's alot of really solid arguments out there on why you should rent instead of buy.

Here's a renting vs. buying calculator: http://www.nytimes.com/interactive/b...alculator.html

Here's another (better) one: http://michaelbluejay.com/house/rentvsbuy.html

The basic idea is that if you invest the cost savings of renting then you could come out well ahead.

Great charts. Makes for some interesting what if scenerios.

I think it is up to the individual on what they think is best. I believe that buying a house is the right way to do it. I have paid a mortgage for 20 years now. I will do this for another 5-10 years and then downsize. At that time I will be mortgage and rent free. Which will be sweet.