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July 19, 2023 | Should I Buy? Or Should I Rent?

Robert Campbell

Robert Campbell is a real estate analyst and economist. He's been publishing The Campbell Real Estate Timing Letter since 2002. His book (Timing the Real Estate Market) presents a clearly defined method for predicting the peaks and valleys of real estate cycles.



I spend a lot of time thinking about the future – and where home prices will go from here.

2023:  Rental affordability has never been higher as compared to mortgage affordability.

From my July 2023 Timing Letter:

“Many believe that home ownership is always attractive as a way of avoiding paying rent, but without substantial price appreciation, ownership is always more expensive than renting.”

If you are a potential home seller, enjoy this wide discrepancy while it lasts. The cost to buy vs. rent has always returned to normal levels in the past, and I expect it to return to normal levels in the future.”

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