Economist: Renting a home—not owning—may be the smart money move [CNBC]
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Source: CNBC
A lot of people look forward to owning their own home and consider it a rite of passage into adulthood (well, maybe not millennials so much). Even after you've considered home ownership from every angle , asked yourself some important questions and weighed the pros and cons, you still might want to hold off on snapping up your dream home. Housing prices have gotten so out of hand in most parts of the country that many people are better off just renting. ablokhin | Getty Images What's the deal with home ownership? Home ownership used to be a no-brainer. Adjusting for inflation, home prices were about 33% lower 40 years ago than they are today. Meanwhile, rental prices are staying steady. From 2013 to 2017 the national median rent only went up about $200, according to data from Trulia . From 2016 to 2017, it actually dipped about $60. "While it's still a better deal to buy, the economic benefit has n
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