Buying is the best choice for beyond short term planning.

Unless the economist is the actual buyer or renter, I don't think anyone really cares what they think.

Buying is the best long term option. For those only staying in place 5 years or less, renting may be the right solution. Closing costs in and closing costs out short term can be huge. I am not an economist, but I get the message. 

I don't know any economists who I would actually even trust their opinion, but I would hope that they feel it would be much better for someone to own rather than to rent, since that is the truth, haha.

To be able to do either one is challenging today. Moving in with friends or family is making the rounds. Don't see this changing right away unless we get the right president in office

Home ownership continues to provide the best pathway to family wealth.

               Homeowners on average are
               40X wealthier than renters.
That is essentially the net worth difference between:
                $6,300 vs. $255,000

In my economy, buying always seemed to be the wisest choice.

I am sure there would be a split decision in that group.

I think the question to ask is what do potential first time homebuyers think?

Buying builds wealth, that's always the right answer unless you plan to move every 2 years.

It depends on the economist. And then it depends on so many other factors.

Do tell - what do economists think about buying vs renting a house?

I don't need an economist to do an internet search for:

What is the difference in net worth between a homeowner and a renter?

Right on, Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO 

Economists often suggest that buying makes more sense if you plan to stay in a home long-term, as it builds equity and stability.

Renting can be smarter short term, especially in high-cost markets. The best choice depends on your financial situation, lifestyle, job stability, and future plans.

Always compare total costs.

Renting is often more financially advisable.