Ive been playn for a little bit now and ive come across some armour sets that i wanted to keep around for upgrading but never have the space. Is there a house you can buy? Or can i just bust into some random house and use it as my own?

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105 Games with all Achievements Unlocked

And Xbox Originals don't have Achievements, why?

In the single person campaign, I found that Ho's Hut (I'm not kidding) is a solid base of operations. It's close to a teleport and have a great deal of different storage areas inside. There is a quest of Ho so don't off him until you do that one. Also, if you can find a chest in the wilderness near a teleport, you can store stuff there once you clear the camp.

Hope that helps. If you are worried about a reset or thieves (which never happened to me) drop a few items into one, log out, come back and see if your items are still there. I don't try to keep anything in the xbox live pvp and coop. I have a feeling it resets....

Good to go.

Also if  you are like me and like to keep things sorted more than the few chests in Ho's house will allow you just need to find horses.  Since you can store thigns on horses and they never seem to run away.  Clear the area around Ho's house just to be sure, then start parking horses in Ho's yard.  I think I've got 8 or 9 horses there.

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When the new Two Worlds comes out, they should add houses to buy, but for now I see no houses for sale.
Also this idea of not being able to carry all the loot you see is a great idea. It gives the game a little bit of strategy! Remember, only keep the best of the best weapons and armour that your find. Unlike the Elder Scrolls series(could keep trashy level one items and still destroy tough monsters), this game makes you think about what you are storing in your inventory! You can not keep a worthless dagger because when you advance in the game, you will end up dead. So you can store items in the mounts, chests, and houses of strangers, but I am not sure if they disappear after awhile.