Property as a market and as a financial decision — residential, commercial, and the forces behind both.
The purchase price and the deposit get most of the attention. The real total cost of buying property includes a longer list of expenses that routinely surprise first-time buyers specifically.
The renting-versus-buying debate usually gets framed as a financial competition with one correct answer. This is an editorial argument for why that framing is itself the problem.
The mechanics of buying property haven't changed. What a higher-rate environment has changed is the actual arithmetic behind almost every decision in the process.
