I would say it depends. Some places RE is so hot while rental vacancies are high that it makes sense to rent. The days of flipping houses to gain 20-50% profit are long gone. A lot of property in our area is being bought by foreign investors. I feel, unless they hold for 10-15 years they will never make their money back.

From experience, we’re closing on a house now and not paying much more than the previous owner 10 years ago. 5 years ago we could have probably could have bought for 50% lower.