In recent times, some people have argued that renting is the "smart" choice for people. Don't pay for maintenance, be able to move if you want, and invest your money.
Unfortunately, for most, there's no money to invest and the choice to rent rather than buy is largely an economic decision made by markets, not individuals.
A new analysis from Florida Atlantic University and Florida International University concludes that for the "vast majority" of the US, renting makes more financial sense than owning because, despite the steep rise in rents over the last few years, house prices, even after some decline, are still too high.
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