Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

This Sounds Like It Could Make Sense...Except for One Thing

24 Aug 2026 · 1 min

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Speaker A argues renting beats buying because banks profit from mortgages. Christian Osgood counters with data: homeowners accumulate significantly more wealth and are better savers. Renting offers flexibility but no equity; owning builds wealth if you stay put.

Chapters

Rent where you live. Yep. Own what you rent. The banks wanted you to buy houses so that you could be in a 30-year mortgage and pay them. Yeah. And the interest is not an asset, it's a liability. And that sounds like it could make sense, except for one problem.
If you look at the actual data, people who buy houses typically are much better savers and typically build much more wealth over time. Also, they're forgetting the fact that your rent is a liability. It's not just, oh, we have no liabilities because we didn't buy a house. You still have liabilities. All it gives you is more flexibility. But if you're putting down roots in any area, it's typically not a bad idea to own your house.