r/Money • u/ImCoyyWR • 29d ago

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/eat_sleep_shitpost 29d ago

Residential real estate has appreciated by 0.8% annually from 1915-2015. It's not even close.

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u/Mandajoe 28d ago

Tell that to a Realtor, lol

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u/eat_sleep_shitpost 28d ago

It's literally hard data. The case-Shiller home price index. But alright, champ.

I was also wrong. It was 0.6%.

https://journal.firsttuesday.us/real-estate-a-disappointing-long-term-investment/54141/#

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u/Mandajoe 28d ago

there are lies, damn lies and then statistical data.