Would you go in debt for a car or house?
Anything else, never again. Your primary residence is the only place going into debt can make sense. Every time I make a mortgage payment, as opposed to rent, its like money in the bank. In fact I stand to make 50% on my home when I sell if the market stays where it is. That's a good move.
Unless you can pay a mortgage off in ten years it isn't worth it to buy. Renting is better.