A good benefit of renting is that you could travel anywhere you want to for months or years, especially if you're in a startup in the digital space that focuses on making money every month instead of raising Venture Capital. You could travel across the country or internationally. You could do this frequently, and live in places that are cheaper per month than your mortgage or rent--which is going to be especially true for almost every other country if you live in an expensive city already, but still true if your current rent is $1,000. One might not want to buy a house unless they plan on living in it for at least a few years (there are web site calculators that compute how long you have to live in a house to make it worth it, factoring local rent, buying and selling costs, and the small interest you would earn on the difference between the rent and mortgage price.)
