When renting is a better idea.
I came accross this interesting article on MSN discussing when renting is better than buying. It is aimed at first tmie buyers but is an interesting read either way. It goes on to discuss costs of buying a house, then it goes on to discuss the costs of living in your own house.
It is a very useful article to work out the costs of living etc if you haven't done it before. It also discusses the possibility of having negative equity and all the additional costs of getting a mortgage.
Read the article in full here