Then, rent? It’s actually cheaper to rent a home than buy it these days in most cases. You also don’t need to spend money on upgrades and repairs.

Edit: the downvotes and general backlash against this comment likely all come from folks who don’t own a home and don’t really know the stakes because they haven’t been in a position to consider them. It’s mob mentality. Around me a house is a $10k/monthly payment, renting is $5k. Renting is a no brainer, especially considering that you don’t need to make repairs. The $10k/month is the minimum you’ll pay. Need a new HVAC? 20k. Need a new roof? 40k. Need to remodel an outdated part of the house? 10-60k. Garage door spring broke? $350. Plumber fixed a leak? $500. Need an exterminator to kill some rodents? $150. Tree removal to take down a dangerous tree? $3k. These are all costs that you’ll eventually need to pay as an owner. Given this and the fact that being a landlord involves taking a financial risk on a tenant, buying should be cheaper than renting. If you think of being a landlord like running a business, you’ll quickly realize that no business would operate at a loss willingly for long. Well, when renting is cheaper than buying, that’s essentially what is happening. The market is such that buyers are paying a premium for an asset they can’t get much of a return on, so you’re better off renting. This was actually one of the indicators that predictors of the 2008 housing crash looked at. But, go ahead, tell me I’m an idiot. Follow the mob. Recite platitudes. Don’t think critically or evaluate the nuance in things, it’s your money, not mine.