Originally Posted by denefi
And to haha's point afterward regarding the infrequency of housing bubble bursts, one thing we can say for certainty is that there will be another relatively low interest rate environment at some point in the future.
Even with mortgage rated edging up recently, they've never been this low in my lifetime. I wouldn't count on them getting this low again in yours.
Still, I think you are in an ideal situation for renting and saving the difference. If you run any of those rent or buy scenarios, don't forget to include the probable cost of a car and insurance in the buy scenario.