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Rainmaker
1,628,304
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker, Notary

Buying is the best choice for beyond short term planning.

Jul 19, 2024 06:32 AM
Ambassador
2,111,035
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home again, home again...

Unless the economist is the actual buyer or renter, I don't think anyone really cares what they think.

Jul 19, 2024 05:40 AM
Rainmaker
5,429,155
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Buying is the best long term option. For those only staying in place 5 years or less, renting may be the right solution. Closing costs in and closing costs out short term can be huge. I am not an economist, but I get the message. 

Jul 19, 2024 04:17 AM
Ambassador
4,923,183
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I don't know any economists who I would actually even trust their opinion, but I would hope that they feel it would be much better for someone to own rather than to rent, since that is the truth, haha.

Jul 19, 2024 03:03 AM
Rainmaker
2,830,664
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

To be able to do either one is challenging today. Moving in with friends or family is making the rounds. Don't see this changing right away unless we get the right president in office

Jul 19, 2024 05:56 AM
Rainmaker
8,089,338
Roy Kelley
Retired - Gaithersburg, MD

Home ownership continues to provide the best pathway to family wealth.

Jul 19, 2024 11:20 AM
Rainmaker
1,603,699
Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO
Big Block Realty 858.232.8722 - La Jolla, CA
Serving Coastal San Diego, Veteran's & Seniors

               Homeowners on average are
               40X wealthier than renters.
That is essentially the net worth difference between:
                $6,300 vs. $255,000

Jul 19, 2024 07:15 AM
Ambassador
6,628,764
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

In my economy, buying always seemed to be the wisest choice.

Jul 19, 2024 05:22 AM
Rainmaker
1,277,588
Peter Mohylsky, Beach Broker
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I am sure there would be a split decision in that group.

Jul 19, 2024 04:06 AM
Rainmaker
268,406
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, PA, CO VA, GA and FL

I think the question to ask is what do potential first time homebuyers think?

Jul 19, 2024 03:37 AM
Rainmaker
1,531,344
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Buying builds wealth, that's always the right answer unless you plan to move every 2 years.

Jul 19, 2024 09:28 AM
Rainmaker
937,898
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

It depends on the economist. And then it depends on so many other factors.

Jul 19, 2024 08:40 AM
Ambassador
3,409,890
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Do tell - what do economists think about buying vs renting a house?

 

Jul 19, 2024 07:28 AM
Rainmaker
312,952
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

What Wayne said.

Jul 20, 2024 03:18 AM
Rainmaker
1,417,160
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I don't need an economist to do an internet search for:

What is the difference in net worth between a homeowner and a renter?

Right on, Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO 

Jul 19, 2024 05:09 PM
Rainmaker
918,103
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Renting is often more financially advisable. 

Jul 22, 2024 01:06 PM
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