Many people choose to live in big cities, but renting your own house could be a smart choice. A lot of people find that it's much easier to save thousands of dollars by renting your own house than by paying rent on a monthly basis for the two or three years it would take for you to buy one. Of course, it's true that the down-sides can be quite significant as well.
We've put together this post with some information on how renting is different from buying and which are the most important pros and cons depending on what you're looking for.