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Buying a house vs renting long-term

Last reviewed 2026-04-25

Evidence quality 4.38/5

Eight-dimension review score against the quality rubric . Each dimension scored 1–5.

D1 Source verification
3/5
D2 Source authority & independence
4/5
D3 Regret-rate accuracy
5/5
D4 Source comparability
4/5
D5 Gilovich pattern
5/5
D6 Prose quality
5/5
D7 Caveat completeness
5/5
D8 Sample quality
4/5
Average 4.38/5
Direct evidence
Two adjacent buildings on a quiet street, one with a sold sign, the other with a for-rent sign.

Action regret

Buying a house

8.0%

8% of homeowners wish they'd rented

US homeowners, nationally representative online survey

retrospective, no fixed timeframe

Inaction regret

Renting long-term

45%

45% of renters wish they'd bought

US renters in 20 major metros

retrospective, no fixed timeframe

% who regret this choice

inaction dominates — Inaction dominates — most regret not acting.

Related decisions

Semantically similar decisions — same territory, different trade-offs.

FinancialDirect

Right-size vs. buy bigger

% who regret this choice

Action dominates

Action regret 1.6× higher

Financial

Rent negotiation

% who regret this choice

Inaction dominates

Inaction regret 1.9× higher

Financial

Home renovation

% who regret this choice

Action dominates

Action regret 2.3× higher

Financial

Fixed vs. ARM mortgage

% who regret this choice

Action dominates

Action regret 2.5× higher

Financial

Investing

% who regret this choice

Inaction dominates

Inaction regret 2.9× higher

Financial

New vs used car

% who regret this choice

Action dominates

Action regret 1.9× higher

Financial

Investing early

% who regret this choice

Inaction dominates

Inaction regret 3.6× higher

Financial

Waive home inspection

% who regret this choice

Action dominates

Action regret 3.1× higher

45% of renters wish they had bought instead of renting, according to a Zillow/Ipsos survey of 10,000 adults across 20 major US metros — more than five times the 8% of homeowners who wish they had rented instead. The asymmetry is one of the largest in regret research, a 5.6:1 ratio favoring action over inaction. Bankrate’s separate 2024 survey found that while 47% of homeowners have some regret about their purchase (too small, too expensive, wrong neighborhood), only 8% regret buying rather than renting, confirming that buyer regret is typically about the specific property, not the decision to buy.

The renter-regret figure deserves careful reading. It likely conflates two distinct groups: those who chose to rent and now regret it, and those who wanted to buy but could not afford to. The latter is not a decision regret — it is a circumstance regret, closer to involuntary childlessness than to voluntary choice. Zillow’s breakdown supports this: renters’ top complaints are inability to build equity (52%) and inability to customize (52%), both of which are structural features of renting rather than consequences of a deliberate lifestyle choice.

The Gilovich pattern here — inaction dominates — aligns with the broader temporal theory: not buying a house becomes more painful over time as prices rise and equity accumulates for owners. But this is partly survivorship bias in the data. The survey was conducted during a period of sustained US home-price appreciation. In Japan’s lost decades or US markets post-2008, the ratio would look very different. Housing regret is heavily path-dependent.

Sources: action

Claim ledger

Every number below is what each source reported, with the verbatim quote we relied on and how we arrived at our figure. Click any link to verify directly.

  1. [1] Zillow Research / Ipsos — Unexpected Repairs and Maintenance Top the List of Regrets for Homeowners
    Unexpected Repairs and Maintenance Top the List of Regrets for Homeowners
    Statistic
    8% of homeowners regret buying instead of renting — five times less than renters who regret not buying
    Excerpt
    “"Just 8% of homeowners say they regret buying instead of renting, compared to 45% of renters who regret renting rather than buying. Homeowner regrets tend to focus on specifics — maintenance costs, size — rather than the decision to buy itself." ”
    Source data from
    2022-01-19
    Accessed
    2026-04-25
    Calculation
    Zillow/Ipsos semiannual survey of 10,000 homeowners and renters across 20 major metros. The 8% figure represents homeowners who specifically wish they had rented instead. A separate Bankrate 2024 survey found 19% would not buy their current home again, but that includes "would buy a different home" — not renting.
  2. [2] Bankrate — Nearly Half of Homeowners Have at Least One Regret About Their Home
    Nearly Half of Homeowners Have at Least One Regret About Their Home
    Statistic
    47% of homeowners have a regret about their purchase, but 69% would buy their current home again
    Excerpt
    “"Nearly half (47 percent) of current U.S. homeowners have a regret about their purchase. However, most American homeowners (69 percent) would buy their current home if they had to do it over again." ”
    Source data from
    2024-05-01
    Accessed
    2026-04-25
    Calculation
    Bankrate's regret figure covers any aspect of the purchase (too small, too expensive), not a regret about buying vs renting. The 69% "would buy again" rate corroborates the low fundamental regret captured by the Zillow 8%.

Sources: inaction

Claim ledger

Every number below is what each source reported, with the verbatim quote we relied on and how we arrived at our figure. Click any link to verify directly.

  1. [1] Zillow Research / Ipsos — 45% of Renters Wish They Owned
    45% of Renters Wish They Owned
    Statistic
    45% of renters regret renting rather than buying, more than five times the share of homeowners who regret buying
    Excerpt
    “"45% of renters regret renting rather than buying — more than five times the share of homeowners (8%) who regret buying instead of renting. Tenants' top regrets are not being able to build equity and not being able to customize or improve their rentals (52% each)." ”
    Source data from
    2022-01-19
    Accessed
    2026-04-25
    Calculation
    Same Zillow/Ipsos semiannual survey (n=10,000). The 45% is renters who specifically say they wish they owned. Across major metros, 87% of renters have at least one regret about their housing.

Caveats

The Zillow survey samples 20 major metros, which skew toward markets where homeownership has been financially rewarding. In stagnant or declining markets, buyer regret may be higher. The renter-regret figure conflates "wish I could afford to buy" with "regret choosing to rent" — involuntary renters inflated by affordability constraints dominate the sample. Homeowner regret may also be suppressed by cognitive dissonance: admitting a six-figure purchase was a mistake is psychologically costly. The 5.6:1 ratio is real but overstates the decision-quality gap because it ignores structural barriers.

Raw data: /api/decisions.json