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.

The Daily

[email protected] (The New York Times)

Should You Rent or Buy? The New Math.

DEC 1, 202327 MIN
The Daily

Should You Rent or Buy? The New Math.

DEC 1, 202327 MIN

Description

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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