The Home ownership crisis remakes US and the numbers are brutal. You now need $125K a year to afford median mortgage payments, up 60% since 2021. Median income? Just $80,610. Renting is cheaper than buying in 49 of the 50 largest metros.
And those tariffs everyone feared? They only added 0.02% to inflation. Total nothing burger.
If you can buy and hold 5+ years, owning still builds wealth. But if you might move soon, renting could be safer.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate