Tuesday, June 17, 2025 / by Maria Sims
Is Renting Really the Better Choice Right Now? Here’s the Truth
Lately, you might be wondering: Should I even try to buy a home in this market?
Between sky-high prices and stubborn mortgage rates, renting can feel like the smarter—or maybe the only—option right now. And honestly? That makes sense. Buying a home isn’t the right move for everyone at this exact moment. You should only take the leap when you’re truly ready.
But before you settle into another lease, there’s something important you should know about renting.
The Short-Term Win vs. The Long-Term Cost
Yes, renting might feel safer today. In some areas, it could even be cheaper month-to-month than owning. But over time? It could cost you way more.
A recent Bank of America survey found that 70% of renters worry about what renting long-term means for their financial future—and they’re right to be concerned.
Although buying a home may seem impossible right now, owning one is still one of the best ways to build wealth; ...
Between sky-high prices and stubborn mortgage rates, renting can feel like the smarter—or maybe the only—option right now. And honestly? That makes sense. Buying a home isn’t the right move for everyone at this exact moment. You should only take the leap when you’re truly ready.
But before you settle into another lease, there’s something important you should know about renting.
The Short-Term Win vs. The Long-Term Cost
Yes, renting might feel safer today. In some areas, it could even be cheaper month-to-month than owning. But over time? It could cost you way more.
A recent Bank of America survey found that 70% of renters worry about what renting long-term means for their financial future—and they’re right to be concerned.
Although buying a home may seem impossible right now, owning one is still one of the best ways to build wealth; ...
