What are the pros to buying?
Forced Savings Plan - Building equity through appreciation and amortization.
Tax Deductibility - Property taxes, homeowners insurance, certain points/fees, and in some cases even Private Mortgage Insurance can be deducted on your tax return.
Stable Costs - Even after factoring maintanence costs owning a home can be more stable in the long term, especially in the case of a rising rental market.
Pride In Owning - Building a close tie between you and the community that you live.