There's Never Been a Worse Time to Buy Instead of Rent 3 years ago
i just bought an apartment. it made sense for me for a few reasons...
1) i've been screwed over by too many landlords and have become so exhausted with renting (i was forced out of my last apartment for complaining about not having hot water. i know this is illegal, unfortunately there is nothing you can do about it.) 2) the apartment i found was _perfect_ for me. it had everything i wanted...quite rare 3) i was not thrilled about the idea of waiting for mortgage rates to drop, home prices to go up and then ensuing bidding wars bringing you far over asking, like what happened in the early covid days. 4) rates will drop eventually and i'll refinance
maybe it doesn't make all the financial sense in the world, but it worked out for me.