I totally agree. I am currently renting for $1100.00 for a 2 bedroom and 1 bath plus I’m paying for a storage rental for $124.00 a month. Total comes to $1,224.00 a month. I am thinking that large amount I rather see it go to a home then some apartment that will be condemn in the future.
I also want to ask what is your thoughts on FHA Loans. I recall my childhood home, my parents got the home back then in the 60’s thru FHA. Every month, they sent in a coupon with the payment which also included taxes and insurance along with the principal.
I have rented an apartment but it was for a short period of time. It was after I got married. I prefer buying over renting any time. Although, with renting you don't have to worry about repairs or improvements.