Yes, without a doubt. If you paid $1200 a month in mortgage or $1200 a month in rent, you'd spend $72,000 over 5 years on housing. With purchasing a home, you'd likely get a tax break, increasing your take home pay. If you sold at the end of 5 years, historically your house would have appreciated. But let's say it doesn't, that it holds flat, being worth the same in five years that you paid now. Hopefully the market will have stabilized, and FC return to their normal rates by then. So in five years you sell, you get back what you've paid on the principle. True, not a great amount in the first five years as most goes to interest, but at least it's something back. If you move in five years after renting, you get nothing back. except maybe your security deposit. So between the principle you get back when you sell, plus the money you save on taxes, you'll likely come out ahead by purchasing. That's the optimistic outlook on buying right now. If you take a pessimistic view, housing prices will plummet over the next 5 years, and that house you buy now will be worth less in 5 years. and any tax savings will be offset by the losses in your house. I don't believe that will happen, I do believe the market will finish correcting itself, and things will return to a healthy real estate market over the next few years.