
NerdWallet's Smart Money Podcast
The Latest Trends in Housing: Why Renting Is Gaining Momentum
May 8, 2024
Elizabeth Renter, a former homeowner turned renter, shares insights on why renting is gaining momentum. Topics include renting vs owning, rising home prices, mortgage rates, and the hidden costs of homeownership. The hosts also touch on recent money headlines like job numbers, Social Security, and a California ballot measure for financial literacy education.
14:15
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Quick takeaways
- Renting offers flexibility and freedom, allowing easy relocation without home ownership commitments.
- Challenges in the current housing market include rising prices, mortgage rates, and supply shortages.
Deep dives
Renting as a Lifestyle Choice
Renting offers flexibility and freedom, allowing individuals to easily move to new locations without the commitments of home ownership. The podcast discusses how renting can be a preferred choice due to factors like convenience, lower costs in certain areas, and reduced stress associated with maintenance and unexpected expenses. 37% of renters plan on renting forever, highlighting that renting aligns better with their lifestyle and financial goals.
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