r/Money • u/ImCoyyWR • May 03 '24

Is it worth buying a house in 2024, or renting?

25 years old, using my VA home loan. Just curious if it makes sense to buy a home, or wait for the market to subside and just rent?

I’m making 70k yearly, and pre approved up to 240k

Just wondering lol.

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u/DangKilla May 03 '24

You will get a very small house compared to 2019. Do the math and add $500/month on top of it. If it’s worth is subjective. I would expect to live there 6 years at least.