I think renting stuff makes sense a lot of the time. If you have to over commit yourself so that you can buy, it definitely makes no sense at all. Property is still significantly over valued even though we've been in recession for a couple of years and the future isn't guaranteed to pick up in the next year. However, the thing with renting is the price goes up. Most years. The thing with buying - assuming you're on a…
http://www.nytimes.com/interactive/business/buy-rent-calcula...
Make sure to adjust the "advanced settings" to fit your circumstances, because they can make a significant difference.