Renting Is Still Cheaper Than Buying — but JPMorgan Says US Housing Affordability Is Getting Worse: ‘Incomes Have Simply Failed to Keep Up’
Renting is still cheaper than owning a home in the U.S., but housing costs have outpaced incomes for decades, and high mortgage rates are squeezing buyers, according to J.P. Morgan, as homeownership among those under 35 falls to its lowest in nine years. Renting Is Cheaper, But Not Cheap On a monthly cash-flow basis, r