When is a good time to buy a house?
I'm moving (again!) with my boyfriend to Colorado Springs, where I'll spend the next five years in graduate school. We just signed a 12-month lease to rent a house, and now that we're doing the math, neither of us is thrilled at paying somewhere in the ballpark of $70k (possibly more) over five years and having nothing to show for it. I won't have a job while in school, but my education is almost entirely paid for so that's not much of a concern. My bf will be starting a good job and works in a good, reliable field, and we do have some money saved up. We were wondering if it might make more sense for us to buy a house next year (and either sell or rent it when we leave in 2017, but that's probably a question for another day).
What do you think, Woot? I have little to no information about this topic, though I did peruse a few helpful questions from @prettywootprincess and @zarfus here. When---in terms of both a person's life stage and the economy---is a good time to buy a home?