This chapter discusses whether it is advisable for someone thinking about buying a home to give up on the idea and accept renting instead due to the high house prices. The speakers explore the challenges millennials face in buying homes and argue that renting can be a viable alternative to home ownership.
For many millennials, buying a home has become almost entirely out of reach. Average 30-year mortgage rates are hovering around 7 percent — the highest they’ve been since 2007 — largely because of the Federal Reserve’s efforts to tame inflation.
David Leonhardt, a senior writer for The New York Times, discusses whether it is time to change how we think about buying vs. renting.
Guest: David Leonhardt, a senior writer for The New York Times. He writes The Morning, The Times’s flagship daily newsletter, and also writes for Sunday Review.
Background reading:
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