Is buying a home still worth it for most people today?
I've been comparing rental yields and mortgage rates in my area for the past year, and the numbers keep pushing me toward renting over buying a home. With average prices up 18% since 2020 but rents rising only 9%, the math for owning just doesn't add up unless you're planning to stay put for 15+ years. A friend of mine bought a condo two years ago, and after maintenance, property taxes, and a special assessment, he's actually paying more per month than when he was renting a similar unit. The emotional appeal of ownership is strong, but so is the flexibility of renting, especially when job markets and life plans shift quickly. So, does buying a house still make sense for the average person today?