Homeownership in California: Is Renting the Smarter Choice?
Update: 2025-12-20
Description
Homeownership in California: A Dream or a Nightmare? explores the struggle of achieving the American Dream in the state with the second-lowest homeownership rate. Sky-high prices, high borrowing costs, and the challenge of keeping housing costs under 40% of income make buying unfeasible for many. Renting, however, offers freedom to invest savings elsewhere, like the stock market, and can be more cost-effective. The old math favoring buying has flipped due to soaring prices and flat rents. Despite the challenges, owning still provides benefits like space, better schools, stability, and forced savings through equity. Checkout Solipillow.com
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