Think owning a home is always a smart financial move? Not so fast. Here’s why buying property in 2025 might not be the best decision.
“Renting is throwing money away.”
You’ve heard it. Your parents said it. The news says it.
Even strangers online will tell you that if you’re renting in your 30s, you’re just making your landlord rich.
But what if… they’re wrong?
In 2025, with high interest rates, unpredictable property taxes, and insane maintenance costs — buying isn’t always smarter.
In fact, for many people, it’s financially worse.
Ownership Comes With a Cost Nobody Talks About
Let’s talk numbers.
Homeowners in expensive cities like Toronto, Vancouver, Sydney, London, and even some U.S. metros are paying:
- 5–6% mortgage rates
- Insurance, property tax, HOA fees
- Repairs (that always cost more than expected)
You don’t get a tax write-off for your interest (in many countries).
You can’t access the equity unless you refinance or sell.
You can’t move easily.
That doesn’t sound very “free” to me.
Renting = Flexibility. And Sometimes, Freedom.
You know what renters get?
- No surprise roof leaks
- No $8,000 furnace replacements
- No emotional attachment when the market dips
They can move to chase better jobs.
They can invest the difference in ETFs or build a business.
They can keep cash on hand instead of tying up everything in a down payment.
Emotional ≠ Smart
Buying a home often isn’t about math.
It’s about how ownership feels.
Security. Pride. Stability.
And that’s fine.
But don’t lie to yourself and call it an investment if it’s really a lifestyle choice.
So Should You Buy?
Maybe.
But only if:
- You plan to stay put for 7–10+ years
- You’re buying well below your budget
- You understand the real cost of ownership
Otherwise?
Don’t rush it. And don’t let guilt — or fear of missing out — push you into a decision that might weigh you down for decades.