Q: With housing costs so high and getting higher, do you want to buy a house (townhouse/condo/duplex etc.) or do you think renting is the way to go? Also, if you've bought recently or are going to, how did you save up the $ for your downpayment and approximately how much did/will you save?
A: If you know that you will be living a hand-to-mouth existence where you really don't enjoy life, perhaps renting is the better option. Look at what your potential mortgage payments will be vs. monthly rent. If I were looking to buy right now, it wouldn't even be an option. The prices are just way through the roof.