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In most cities, you’re better off renting than buying a place
May 25, 2023

In most cities, you’re better off renting than buying a place

The conventional wisdom of old said that more often than not, buying a place to live is cheaper than renting. That's no longer the case except for four major U.S. cities — Detroit, Philadelphia, Cleveland and Houston. We look at how housing prices have gotten so high and why they're likely to stay elevated. Plus, the AI boom is driving up demand for microchips, but there are still barriers the industry faces like geopolitical tensions and supply chains. And finally, the BBC reports on a proposal in Spain to subsidize bars in rural towns, which often serve as a community social hubs in the countryside.

Segments From this episode

There are now only 4 major U.S. cities where buying is cheaper than renting

May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
Justin Sullivan/Getty Images

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer/Director
Jarrett Dang Digital Producer (gone fishing)
Jesson Duller Media Producer
Nick Esposito Media Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Olie D'Albertanson Producer, BBC

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