If home prices do correct a little bit closer to the underlying economic value, calculated as if there were no government aid such as mortgage interest deductions, nor government guarantees for mortgage investors, nor any of the dozens of programs designed to feed taxpayer money into housing, then buying makes a lot more sense than renting.
As long as you don’t buy near a peak, the limitless quantities of money that the government is willing to use to push home prices up will make it a better deal than renting. If you want a lot of water, put your bucket under the faucet, not the drip.
It’s only buyers who bought near this last incredible record-breaking price peak who are sure to lose compared to renters.
