Rent or Buy? Am I crazy?I currently am renting in the Midtown area of Houston, Texas. Our rent is ~$1200 for a 690sqft, 1bdr, 1 bath apartment. Our lease ends in 7 months and we want to find larger place which will run between $1800-$2200/ month rent. I don't know whether I should buy or not. Should I buy if I plan to live in a house for only 2-3 years and then move to another state or continue to rent for the 2 years before moving? Here's my thinking, please tell me if this is sounds erroneous..Renting:Renting for 2 years @ $2000/month = $48,000 Buying:Buying a house for $300,000Selling that house after 2 years for $300,000The fees that I will pay out of pocket will be (may not be accurate, just throwing numbers out there):~$10,000 escrow, loan cost, etc~$18,000 6% Realtor fee when selling= $28,000 in cost I will not recoup.I may 'lose' money on the house but I am still 'losing' less than the $48,000 I am going to spend renting a place, correct?I may be way off here. I'd love to get some advise from your professionals out there.Thanks,February 01 2013 - Midtown00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.