A growing number of Americans are reevaluating homeownership as mortgage rates hover around 6% to 7% and home prices remain high. Some argue that paying high interest for an asset that historically appreciates at a lower rate doesn’t make financial sense.

While homeownership was once seen as a way to build equity and lock in housing costs, many now view it as more complex. Rising property taxes and insurance costs have made some question the financial benefits of owning a home.

Comparing rent and mortgage payments is not straightforward, as rent represents the maximum cost while a mortgage is the minimum. Real-life examples show the total ownership costs versus renting costs over time, with varying outcomes depending on location and market conditions.

Some argue that using leverage can make owning a home worthwhile, while others emphasize eventual equity and stability as the real value of homeownership. The consensus is that buying a home is no longer a guaranteed financial investment, and it’s essential to carefully consider the costs and benefits before making a decision.

Read more at Yahoo Finance: Why More And More People Are Questioning The Financial Value Of Owning A Home In 2025