<prompt> Human: To Buy or To RentSo, my husband and I are wondering whether or not we should buy a house or rent at the place we are moving to. He will be going to the police academy in a town in NJ and we will live there for more than 10 years or possible until he retires. However, we do not know if we should buy the house right off the bat or rent for a year or more. He was born and raised in that town so he knows his way around so picking a neighborhood would not be the problem. We want advise purely regarding the financial aspect. I will state the factors below and I would appreciate it if you could tell me what makes better financial sense. In the town we are moving to,If RENT,Average1800 - 20001200 sqft2b 2b3 options If BUY,Under 350,000Average2000 sqft3b 2bMore than 30 options To buy, according to the mortgage calculator, the monthly payment for 350,000 home will look like,70,000 down payment currently sitting in savings3.2 assuming interest rate656 tax NJ 2.25 67 insurance 1934monthwill be 1667month if we buy a 300,000 homeplus possibly additional cost of owning a house something breaking down, buying appliances For our finances, 760 credit score 200,000 in savings and mutual funds No loans Including my income and husbands income which may include BAH8300month for six months in the academy7900month for one year on probation7700month for two more years - the latter two years of first three years pay if no raisepossibly a raise in there somewhereThe reason it might go down is because of GI bill. Other factors:I am planning to go back to school in-state with some of the savings estimating 35,000 total and will try to get scholarships or some form of aid no loans.  <response>: Id rent to make sure he gets through academy and probationary period since that is a job where you basically have to move to find another one.Plus it gives you about 8 months to house shop.Its not uncommon for some police candidates to not get through the first year and then find another department to try again. 