Home ownership is always a good choice, however, are you new to the area. Are you sure what areas you want to live in. So many more questions are needing answering to help advise you of what could be best for you. My suggestion is to find a Realtors that you feel comfortable speaking with then let them help you along with a good mortgage broker.
Rent to lose is a very bad idea and will be a great way for you to lose more money. To buy you still need to get a loan and so why not just wait until you can get that loan and buy then. That is your best bet.