There are a lot of reasons to rent, rather than buy. In many cases today, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant. If you plan to relocate in a year or 2-3 years from now, Buying may not be the best choice. As a renter, your monthly payment already goes towards:
Property Taxes and Special Assessments
Home Owner Association (HOA) Fee: Doesn't apply to all purchases. It pays for items such as trash & maintenance of common grounds if applicable...
I hope this helps! Contact me through my profile if you'd like a free 1st Time HomeBuyer book....