yea, theres pros and con for each.
for me, ill rather own. Because if im renting, the home isnt mine and throwing away money to someone else.
see in colorado, mainly in the Denver metro front range area along with other dozen of cities surrounding it, rent for a 2 bed apartment is 1300... in a so so decent neighborhood. My friend is also paying 1800 for a 2 bed house...in a crappy neighborhood.
me? 1200 in mortgage mainly due to the good lump in downpay. the way i see it is, why throw money to someone that wont be yours when you can throw money to someone or place that will be yours in 15-30 years.