Should I buy or rent?

There are a lot of complexities that come with renting and owning an apartment and I will just lay them out for you to know. When you rent an apartment your are relieved from all of the stress that is upkeeping the apartment. So say a pipe bursts or your bathroom is molded out or even if there is a hole in your ceiling because of age, that would all be your landlords problem. As long as you are paying your monthly rent your landlord will pay for any changes that need to be made that affect your quality of living. That is a big plus when it comes to renting. Not to mention, you do not have to pay tax on the apartment because you do not own. So as long as you have a means of income and are able to pay your rent every month I would say the only problem with renting is the fear of having your rent raised when property value goes up or not being able to have pets and other restrictions that your landlord may choose, however if your landlord is okay with you having pets then that is also a plus if that is what you are into. You mentioned that you do not have a lot of savings but I will still get into the pros and cons of buying an apartment. Number one being that when or if the property value you goes up after you purchase it, it turns out to be an investment where you can make more money back when selling the home and then buy another and do the same thing. Another plus is that your mortgage may come out to being cheaper than your rent would be, but then again you will be paying over a longer span of time. An obvious con would be the original down payment for the home and as mentioned earlier if there are any problems that happen in the home it would now be up to you to fix them out of your wallet. I hope this helps.