Depends on what type of a property market you're buying into. If you buy at or near the peak, and a year or two later you have a massive mortgage and a property

Depends on what type of a property market you're buying into. If you buy at or near the peak, and a year or two later you have a massive mortgage and a property that's worth a fraction of that (knee deep in negative equity), then renting will feel a whole lot better. You might even have some savings to get a deposit on a cheap property.