The Truth About Renting vs Owning | The Den Ep. 97

Is renting the new reality? In this episode of The Den, hosts Ben, Paul, Shannon, and Aspen tackle the ongoing migration from homeownership to renting. With local housing inventory shrinking and affordability tightening across the Four Corners, they ask the tough question - is this a long-term shift or a temporary fix? Whether you're a first-time buyer, long-time homeowner, or active real estate professional, this candid roundtable breaks down current market pressures, personal finance choices, and strategic timing in today’s market. Tune in for insights you won’t hear anywhere else.Key Takeaways:• Affordability is the top factor driving more people to rent• Shrinking inventory under $300k is limiting buyer options• Interest rates are still making renting more attractive for many• Families may be priced out of “starter homes” completely• Renting offers flexibility without the maintenance burden• Wages are not keeping pace with housing or living costs• Builders lack incentives to create truly affordable housing• New Mexico’s free childcare and education programs could help• Real estate timing should align with personal financial readiness• Owning remains the top path to long-term wealth, but only when the time is rightBest Moments:00:02:03. “Affordability - I think that's our biggest issue right now.”00:03:14. “74 homes under $300k in San Juan County - and most aren't family-ready.”00:04:15. “You're paying $2,200 a month for a home that might not meet your needs.”00:06:11. “If you're a traveler or a nomad, renting might make more sense.”00:09:24. “Right now, I think it's a good idea to just sit and wait. Stack your chips.”00:11:05. “Wages are so low, even renting is unaffordable for many.”00:13:46. “Somebody has to take a hit for affordability... and right now, it's the buyer.”00:28:08. “Homeownership builds wealth, but renting is a great strategic step.”Ad link: Visit our website to schedule a consultation.TikTokInstagramFacebookBuyer Video SeriesSeller Video SeriesSign up for our newsletter for valuable insights and updates.  This podcast has been brought to you by APodcastGeek