Kevin Olry says if you are single and free of children, do not buy a house-are you married? If the answer is no, the rent ”

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The rent may not be the American dream – but according to Kevin OlieriIt is the most intelligent option for millions of people chasing it very early.

in 2018 interview with CNBCThe “Shark Tank” investor is frankly:

“Are you married? If the answer is no, rent.”

“If you are married, do you have children? No? Rent.”

This is not exactly the advice that most people grew up in hearing. For decades, the ownership of the houses has been sold as a musta teacher. Buy a house, build arrows, settle. but O’Lery turns the scenario – It has become a more important area in the housing market in 2025.

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“I think the key to life – especially when you are young – is to stay away from debts,” he said, and he urges young people to delay so that they are stable and financial presenter.

O’Leary refers to interest rates as the silent killer behind buying a bad house. For years, mortgage rates were decreased, making the cheapest borrowing and paying home values up. But this trend is the opposite – and the opposite is severe. Even in 2018, warned:

“Useful interest rates are no longer decreased.”

In 2025, Real estate mortgage rates are higher From what they were more than a decade. This means that a $ 500,000 house today may cost tens of thousands over time than it was just a few years ago. Add to maintenance, taxes, insurance, the risk of instability of the job – and the status of the rental becomes slightly stronger.

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Charlie Monger, Warren Buffett’s business partner, said more clearly, said more clearly:

“The time to buy the house is when you need one.”

Click on what this means, Monger did not hesitate. He said: “The singles people do not care if they get a house ever,” he said, describing a “old -style” belief that still stands.