MotleyFool: Should You Buy Or Rent?
First of all, there's absolutely nothing wrong with renting if your circumstances require it. You may not be able to afford to buy, for one thing, if you don't have enough money for a deposit, other buying expenses, furniture and so on. Or you may have moved into a new area and you want a little time to get to know it, so you don't make the mistake of buying a property that turns out to be in the 'wrong' part of town. Or you may want to retain some flexibility because you are not sure if you will need a property in that exact area for very long. These are all valid reasons for renting.