1)We can continue to rent the space until we've put a good dent in college loans and saved up a downpayment on a house. - Looks great on paper but it would take another two years (not sure our, nor my parents' patience is up for that!)
2) We could rent an apartment. - A decent apartment in our area is $900+ a month which is almost a mortgage payment but doesn't require the downpayment.
3) We could try to get mortgage for a small starter house. - Not ideal space but avoidable and would be an asset to resell later in order to purchase our dream home.
It's hard to make big financial decisions with so many variables. Some things that come to mind are: the housing market is down, I wish we could take advantage of it - or - an apartment seems like counter productive - or - if we bought a starter house, we could get stuck with it later... Ahh so many things to think about. I keep telling Brandy and myself that we shouldn't think or stress over it until she has reliable employment as a dental hygienist, but it is difficult to maintain that mentality.