Originally Posted by ThatOtherGuy

If you have decent credit you could always buy a place. Especially if first time buyer of a home there are incentives and opportunities.
Now is literally the best time to buy a place to live in.

Mansions in Arizona literally 300K, normal house in a resident area in Northern Cali as a low as 130K. Los Banos California some houses that are awesome and brand new going for 150K.

If you have a reasonable financial outlook buy is simply better you wont find a better time than right now. Real Estate is tanked and even going on a double dipper.

Some great houses at 55K in the mid west USA. Saw a story on that the other day on CNN.

Lastly... If anyone here rents right now you are an idiot.
If you can afford even $900 a month on rent you can own your own home, unless of course your credit is shit but even then there are ways.

House just down the street from me in excellent shape 135K and its a 1/2acre 3500sq foot house. 5 years ago valued at 350K+.

Owning a house is truly the first step to building wealth in a 5-10 year outlook.
The investment is an impossible fail and to boot you got a roof over your head you own.