If you want to be financially independent at a young age, don’t buy a house, serial investor says. Home ownership is just an 'expensive indulgence'

Woman and man sitting surrounded by cardboard boxes (Credit: Getty Images)

Considering home prices are 50% higher than before the pandemic; mortgage rates remain stubbornly high in the 6% range; and everything feels more expensive thanks to inflation and tariffs, home ownership feels largely out of reach for many younger Americans. 

But one serial investor says that opting for renting may not be as bad of an idea as some people think, despite home ownership being the quintessential American Dream.