"Deciding Between Renting and Buying in Today's Real Estate Market"
TL;DR
Choosing between renting and buying a home has become more complicated due to surging mortgage rates, record rents and home prices, a potential economic downturn, and other lifestyle considerations. On average, renting is often cheaper than buying, but it depends on individual circumstances. The decision should be based on the monthly payment that includes principal, interest, insurance, and property taxes. Buying a home is part of the American Dream, and 74% of respondents in a 2022 Bankrate survey ranked it as the highest gauge of prosperity.
- Rent or buy? Here's how to make that decision in the current real estate market CNBC
- Rent vs. buy: Which makes more sense in this housing market? CBS Mornings
- 3 Reasons Renting Is Better Than Buying a Home, According to Ramit Sethi The Motley Fool
- Rent vs. Buy: Which Makes More Sense In The Current Real Estate Market? CNBC
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