Where I live, it's either the same price to rent a place as it is to own, or it's even more. We have dogs also, so we need a house with a yard. Yes we could just rent a house, but we would rather own our place. Renting a house is also the same amount or more as owning where I live. I've actually looked at houses to rent, and they were usually a couple hundred more than my mortgage.
We don't plan on living in our current house forever (maybe 5-7 years altogether), but our next house we plan on living in for awhile. So the costs of not living in our first house for a long time are a little higher, but it still won't be that bad.
There also aren't very many good apartments where I live. A lot of my friends live in apartments, and they're either not safe or they're just disgusting. Of course there are nicer apartments, but they cost way more than what a house would cost. The only thing nice that would be about living in an apartment is all of the amenities that they offer. Spa, gyms, pools, and so on sound very nice. [Read more…]