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Should You Rent or Buy? The New Math.

The Daily

Dec 1 2023 • 27 mins

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:

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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