Is the “five year rule” for buying a house still applicable in high rent areas? The average rent in my area is 2.5k-3k (massive college town). There are decent homes/condos in the 250-300k, and based off of those online calculators it seems like a mortgage is comparable to or slightly cheaper than renting I have a 750+ credit score, about 20k saved, and a solid salary. My partner is in the same boat. We aren’t completely su…