paying rent/mortgage

[ixitixl]

I am heading to medical school this fall entirely on loans, which includes about 1200 USD for living expenses from which I am supposed to pay rent. I noticed that mortgage payments for a cheap place actually comes out to less than rent. Is anyone in a similar financial situation as me doing mortgage payments instead of rent?

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[Andrew_Doan]

With the interest rates down, it may not be a bad investment to buy a place that you can resell in 4 years. Keep in mind that mortgage payments may be cheaper, there are also more indirect costs with keeping up a home, e.g. property taxes, fixing the sink, keeping up the yard, etc...

You can rent the place out to other medical students and live there for FREE.