Is now the time to buy a home - or is it better to rent? Our new 'Well Spent' video podcast digs in.
Homeownership now requires staying in a house 7–9 years to be financially better than renting; in expensive cities like San Francisco or New York, it requires 15–20 years.
Is it better to rent or own in California? That depends.
Renting is cheaper for almost two decades, but long-term homeownership can produce greater net wealth through appreciation and mortgage principal repayment.