Originally Posted by Volk Z

Depending on what market you are in you should buy a house as the rates eventually will go up significantly (probably 3rd quarter of 2014) and home prices in most states are now on the rise due to the huge decline (excludes parts of Florida and Las Vegas)

I'm thankful to be buying a house now and have my Z but if I had to choose especially at your age which I'm about the same as you I would say house all day long.