There is no one answer to this question. It is all dependent upon the individual. If you are able to purchase, I believe that is the way to go, because you are then gaining equity in a property that you own rather than paying the mortgage off for your landlord. Should you move, you can rent the property. In Colorado Springs, I find that it is easy to find good renters if the property is located in the vicinity of a military base. That's not difficult, because we have so many bases! I personally own several homes that I have had no problem in renting out for more than my mortgage payment on them. I assist renters in finding properties all the time. It is often difficult to find a property to rent, with a management company that is responsive. Whatever you decide, please get yourself a Realtor to represent you! I'd love to be that person!
Marion Meyer, ABR, QSC, CDPE
RE/MAX Properties, Inc.