Advice on renting vs. buying
I will be working in Boston after I graduate from undergrad, and I am in a dilemma for renting vs buying. My parents have constantly supported me and are the ones pushing to buy a condo for me to live in. We aren't super well-off or anything, both have solid middle/upper-middle class jobs, and the price range they are looking at is $500K-900K (2-3 bed, 1-2 bath, 1-2k sq. feet).
I want to make sure this isn't an awful idea. They think that buying this house and renting out one of the bedrooms will be better than me just renting and sending money to a landlord for the next few years. While I agree in principle, my family has 0 experience with this sort of thing, and I'd love to hear some other important considerations that they should be thinking about when buying a second property.
I know there have been renting vs. buying posts in the past, but I'm wondering if my parents being involved in this changes the decision calculus. Personally, I am hesitant because with the way the housing market has moved these past few years, I can't help but think we are buying the top. Also in consulting, there is lots of movement at the 2-3 year mark, so I may only end up living there for a few years. I'm sure there are other factors here that might make this not as attractive of an opportunity as they may think, so any and all perspectives would be greatly appreciated, thanks in advance!