Renting can make more sense in cities with high home prices.

If you're ready to put down roots for a long time and buy a house you can truly afford, owning has worked out very well for most people. But renting doesn't always mean you're just "throwing your money away". If you're disciplined with your finances, then renting can be a perfectly fine lifestyle choice in the short term without putting you behind financially. It can even make sense over the long term for very financially disciplined individuals. For a more detailed explanation, including a spreadsheet you can download to adjust the variables: http://wheredoesallmymoneygo.com/rent...

To start to understand when it can make sense, this video helps explain some of the variables that can affect the success of renting (and investing) as well as owning. real estate investing housing budget real estate video mortgage