The real decision when it comes to investing in real estate is to buy or rent.  If You think that the current home mrket will be dropping in value in the near future then renting is the obvious choice.  If you think the the priving has bottomed out then go ahead and but.  Renting and saving a down payment is the best for most entering the housing market.  The advantages od home ownership are many.  The tax deduction can really help.  If you are in need of a tax break then buying is for you.  I would look for a payment that allows for some savings.  Joe Olujic is a good guy to discuss you options with.