With Home Prices Way Too High, More People Profit from Arbitraging Vast Cost Difference between Renting and Buying

The share of people who said that they would rent rather than buy a home if they were to move spiked to 36%, an all-time high in the data going back to 2010, according to Fannie Mae’s National Housing Survey, up from the 23% to 28% range during the free-money buying frenzy in 2021-2022.