Instead of tying up your money in a house that may not give you a return, consider investing in a fidelity, vanguard, or TIA account that has a higher chance of yielding profits. Over time, the stock market has consistently outperformed housing prices, making it a more attractive investment option.
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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