They make double to triple the actual price of the home- guaranteed.
When I was 12, my father got into a rent-to-own situation with a $150k home, paying $1,500 per month for 10 years-- sounds simple right?
WRONG. We *started* paying $1,500 per month for the first two years then the rent jacked up to $2,000 per month- but we still payed for ten years.
By the time I was 18 we'd already paid $90,000 on the house and had five years to go! Not to mention our landlord would get froggy some months and jack up the cost another $100-$500 whenever he felt like.
Now that we no longer live there the selling price of the home is $90k.
Know your landlord-- know your contract.
You're MUCH better off buying a home. Prices are great, loans are great, first time homebuyer credits are wonderful, APR is at a low fluctuating rate, and its absolutely perfect.
My husband and I are 20 and bought our first home for $65,000. Our rate is .4% and our monthly payment is $450 per month. Insurance included.