I used to rent, and I could take up renting again, but right now I'm saving up 90% of my income. Renting would make me drop that percent to the low 30%. And I don't work in IT + lower incom country salary wise, so I don't expect my salary to substantially go up any time soon. Why do I want to save money? To buy a house. Eventually. In 20 years. Done the math :(