<prompt> Human: Hello Reddit, I have some confusion that I want to get settled, or at least pointed in the right direction regarding housing. Currently, my gf and I want to move out, both of us will make 72k. However this is only the beginning of our studies and after a year from now it will be nearly 93k, I have that cost of school already covered and paid for. Credit is mid 600s and I have 12k saved upNo debt My parents say it would be smarter to get a condo and to be honest, the location where I live is 1800 for a one bed room. The lowest being a 1400. Highest being almost 2.5k. Its ridiculous. They suggested getting a condo around 300k and getting an FHA loan for 30 or 15 years. Either way those year commitments seems daunting because I dont have much information on them besides the math of interest, etc. the location around most condos are in construction zones being built for a future mall, college, and new residential area so I do see future gain in obtaining a condo, but either way I would like to get some advice for anyone knowing of this.  <response>: I would rent. While it may cost more to rent than to buy and Im not sure that it is, especially not if youd want to sell again in a few years time it will give you two the flexibility to move places, for example when a job comes along that is awesome but not close to where you live now.You pay a bit more again, perhaps for this flexibility, but at your age and in your situation flexibility is very important. 