[Labyrinthos]

The money that goes towards rent goes NOWHERE.

The same can be said about money that a homeowner spends on closing costs, points, trasfer taxes, real estate taxes, interest on the note and mortgage, insurance, maintenance costs, and in many cases, home improvements.

[Beagle8U]

"The same can be said about money that a homeowner spends on closing costs, points, trasfer taxes, real estate taxes, interest on the note and mortgage, insurance, maintenance costs, and in many cases, home improvements"

And you think that when you rent you aren't paying for all those things? The owner that rents to you charges to cover all that plus a profit.

To each his own, but I think its foolish to rent unless you know you will be moving out of the area in 2 years or less.