Your question takes thought and each senerio must be evaluated. Rent is a simple transaction - buying and ownership are something else again. Be sure to factor in carry costs (interest and all the closing costs), insurances such as flood and windstorm, and real estate taxes which are due every year. Plus, there is always the risk that the bottom of the market has yet to settle out. Also, when you get that transfer the costs go on until you sell and bu the way, most real estate agents still haven't reached the point where they will sell you home as a public service, they still will want to get paid. Is four years or so enough time to recoup the costs of both buying AND selling? Maybe, be just be sure and do your homework. - Sun Aug 24 2008, 08:10