Rent vs. Buy - Lifestyle, Math, and How to choose

Buying vs. Renting is an age-old debate. Our parents think it's a simple decision: Buy! Don't waste your money! It's a good investment! But that was 50 years ago when you could buy a house for a reasonable amount of money and pay it off. Here's a link to our blog: House prices are surging, home affordability is extremely challenging. We need to look at lifestyle factors Commute Access to culture and amenities Mobility & stability Family and friends Maintenance Costs We also have to look at financial factors Renting is (generally) cheaper You can build equity in your home Retirement planning Then, let's look at the math Rent vs. buy calculator - But also, the 5% rule (we explain it in the show and on the blog) You're not wasting money if you rent. Having a roof over your head is a necessity.

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Rent vs. Buy - Lifestyle, Math, and How to choose is an episode from Real Money Talk - A fresh take on personal finance by Tyler Wade.

This episode is 10:36 long.

This episode was published on Aug 13, 2021.

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