I find the whole idea of taking on a massive debt just to buy a home when I could rent one for half the cost of buying one rather odd. Id rather use the cost difference to simply build up reserves of cash and invest in PM or other investments. Im a single man who would need to rent or buy on my own if it wasnt for living with my family at a very low cost. I just cant justify spending 300K to 400K most of it fully borrowed to buy a small apartment in melbourne australia. When I dont even know if i wilk jave an income by the end of next year. It seem crazy to have to cover the full cost of this loan myself without anyone else to share the load with. Even if i rented my own place it would cost less than $300 per week. But a 400K loan would cost more than double that and eat up all posiable future savings for decades. What do people think is it better to rent and save the difference. Or buy and take the massive risk that I could lose my job and have to sell up just a year or two lter possiably with negative eqity. P.S things like marrage and children are not part of my future plans. Thus I expect to be single for decades.