<prompt> Human: I am a male in my early 20s, I will graduate with a bachelors in Business this year... I feel like I am in a fairly decent financial situation compared to most people fresh out of school, but I cant decide whether I should buy a house or rent for a few years. Here is some info about me:Finances:Savings - Roughly 30,000 could be closer to 35k by graduationDebt - 0Asset Value - Roughly 20k vehicles, rec vehicles, etc...Credit - 0, Ive paid cash for everything I haveIncome - 25k a year after taxes full time Job Situation: I plan to keep my current job. I work for my familys business. I realize the pay isnt very high at the moment, but I can expect it to increase to about 45k a year within the next 5 years or so. My parents own the business, and they average about 150k a year after taxes, insurance, and all that fun stuff. Therefore, I am optimistically expecting to earn that eventually, if I plan to take over. I love the business, and we continue to grow... so it is likely that I could do that. Expenses:Current: 300-400 a month - I have been lucky enough to live at home through college, so my only expenses are my insurance, gas, cheap phone bill, and minimal amounts of food. The rest I have been saving, besides responsible amounts of fun money. Now, here is the decision I need some help with!!Option 1: RentI will have the opportunity to rent a house with a couple of roommates. I estimate my share of the rent to be about 500 per month at most after utilities. My food and personal necessity expense will increase to, lets say, 200 a month. Now add in my current 400 a month for insurances, phone, etc...Income: 2000 a monthExpenses: 1100 a monthSavings: 900 a monthOption 2: Buy a HouseIf I were to buy a house, it would be in the 120k-140k range. Im in the Midwest, so that would get me about a 3BR 2BA house in an older neighborhood that needs some updating. I would still have roommates, and they would practically be paying most of my mortgage. But, Im just not sure that Im ready to have the commitment of owning a house. Im not sure that Im ready to devote my time to the constant upkeep, and devote my cash to necessary repairs, when I could be enjoying my young life. The Dilemma:I am very responsible with my money for the most part, and I realize that renting a house is basically throwing my money away, when it could be going towards owning a house. However, Im young, have quite a few hobbies, and like to travel, so I dont feel like Im ready for the responsibility of home ownership, even if it is the more financially smart decision.So, judging by your personal experience, and my current situation... Would you rent a house and have some fun, or go ahead and buy one so I can have a head start on ownership?Thanks!  <response>: Credit - 0, Ive paid cash for everything I haveYou most likely wont get approved for a mortgage unless you have someone else co-sign the loan.So Rent it is.Renting is not necessarily throwing your money away. 