Study finds it's cheaper to rent than buy
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- Опубліковано 6 вер 2024
- With higher interest rates and home prices, a recent study found that it is now cheaper to rent a home than to buy one in all 50 of America's largest cities. CNBC's Diana Olick reports.
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#HousingMarket #Renting #Buying
That's insane! Rent prices have literally doubled this year in all the surrounding towns in my area.
Oh, so if it happened in your area, it must have happened all over the rest of America as well, right?
Rent goes up every year and been going on for decades
They don't account for all the additional expenses in home ownership. Like mowing, replacement of appliances, repairs and upkeep, utilities(where it's included in rent) to name a few.
The American economy blows!
The reality is that not everyone is not cut out to be a home owner. I've watched several new neighbors to my home and new home buyers think if they are able to pay what they spent as rent and be approved by a lender, only to find out after they move in that they have no budgeting skills or planning and are stretched so thin financially they can't afford the repairs like a new AC or plumbing issues needed to keep the house n decent shape.
When home prices go up home expenses go up for example home owners insurance, property taxes, mortgage payments.
"You'll own nothing and be happy", so they say,......humph!
The wef made this!!
Own nothing be happy
If you don't plan on setting up roots for a decade, your better off renting and putting money into a REIT.
How's your crystal ball?
@@mjulianlee My comment relates to the cost and aggravation of buying and selling versus a REIT which can easily be sold in an instant. Beyond that, I don't understand your question.
NBC working for BlackRock and the WEF I see.
Let me guess, you wanted to say something about the Jews, didn't you?
If Joe Biden was my Grandfather we would be taking the car keys away from him! Pause
Joe can't possibly make it another 4.5 years and the thought of K. Harris as President sends shivers down 95% of American's spine!
A studio is $1900 lol
Where are studios $1900? They are where i live (Miami) but curious where else theyre going for that.
@@Rio-mp5tt
Charlotte
She's really trying to convince herself that renting is the better long-term financial solution
For now, it is. Those who disparage renters are people who bought when prices were low and interest rates were low. They wouldn't want to buy right now either.
Lol, they placed Austin over Dallas.
So she's enriching her landlord. There is a thing called "Lease with an option to buy" so all your rent goes to your downpayment. My place is worth at least 4-5 times what I paid, cash, for it, 20 years ago.
And nobody really cares that you think you're smarter than the rest of us....
Learned nothing… was nothing to learn.. thanks
Duh...
My int rates are 1.5% and my mortgage is 1100 a month with a 5 bedroom house with lake view, i would never go back to renting.
You would not have an interest rate that low if you bought a house in 2023/2024, which is the point why renting is currently cheaper.
@@valoredramack9117but if they sold that house they would be able to put enough down on the current rate where their mortgage wasn’t as high
@@jokerfeed839what’s the point of this argument?
Your house must be 100 years old 🤣
@@SUGAR_XYLER 2000s
Wrong
Rent doesn’t give you equity
The point of renting is to be able to save more money, not build equity.
@@valoredramack9117hmm I bought a house three years ago rented it out and found a place with cheap rent then a 1600 mortgage. I have the people pay more on the mortgage and now have 150k equity
Equity does you no good while you live there. And if you sell, where do you go now?
Seriously NBC??? Shame on you. This is ridiculous.
Why?
@@matthewphillips5483 equity
Ther are lies, damned lies, and statistics.