The nicest apartment in Beaumont only costs 1100 for a 900 square foot 1 bedroom with study. A whole years rent would be $13,200. Decent area of town. 3% interest on a $250,000 dollar loan is $7,500. Interest, property taxes, any home maintainance, etc could get pretty close to $13,000 after 1 year, so I don't think I would just be wasting away too much money if I rented for a year.
This post was edited on 1/29 at 11:30 am