Housing costs right now: rent, buy or wait?
Rents are high, mortgage rates are higher than a few years ago. Is it a terrible time to do anything?
The simple version
Nobody can reliably predict house prices or rates. A better question: can you afford the monthly cost comfortably, even if rates rose a little, and do you plan to stay at least 5 years? If yes, buying may make sense. If not, renting while you build a deposit is a perfectly good plan.
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