Still debating whether to keep renting or finally buy a home? It’s a big decision, and let’s be honest—renting can feel like the easier choice, especially if buying seems out of reach.

But here’s the reality: According to a recent Bank of America report, 70% of prospective buyers worry about the long-term impact of renting, including rising costs and not building equity.

If that sounds familiar, you’re not alone. You might be wondering where renting will leave you financially in the future, but also unsure if buying is even possible right now. The truth is, if you can make the numbers work, homeownership has major long-term financial benefits.

Let’s break down why buying a home in 2025 (and beyond) is worth considering.

Buying Helps You Build Wealth

When you buy a home, your monthly payments go toward something you own, not your landlord’s pocket. Over time, this builds equity, which grows in two ways:

1. Paying Down Your Mortgage – Every payment reduces what you owe and increases your ownership stake.

2. Home Value Appreciation – Historically, home prices rise over time, increasing the value of what you own.

According to the National Association of Realtors (NAR), 79% of buyers believe homeownership is a smart financial investment. Why? Because it increases net worth over time.

Renting Means Rising Costs Without Returns

Renting may feel more affordable short-term, but rents almost always go up. Census data shows that rent has increased significantly over the decades (see graph below), making it harder to budget and save for the future.

Each lease renewal or move comes with higher costs and no equity gains—meaning your money builds someone else’s wealth, not yours.

The Long-Term Impact: Renting vs. Buying

• Renting: Costs increase over time, and you build no equity.

• Buying: Costs are more stable, and you build wealth with each payment.

Renting works if you’re not ready or able to buy today. But if you can afford it, homeownership puts you in control of your financial future.

Bottom Line

If buying a home is within reach, it’s one of the best investments you can make. Instead of paying more in rent each year, you could be building equity, stability, and long-term wealth.

Want to see what homes are available in your price range? Let’s connect today and explore your options.