Renting vs Buying a Home: The Lie You’ve Been Told

Comments · 3.4K

• RC

  @rc.... · 2 years ago

  It all depends on the country/city and also your lifestyle. This isn't a one answer for everyone.

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• ED

  @eddiemalvin · 2 years ago (edited)

  When you run the rent vs. buy numbers, make sure you take into account your entire lifetime.  Don't stop at 5 or 10 years, include the numbers after the mortgage is paid off but the rent will still be due.

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• AD

  @adrian3747_ · 2 years ago

  Yup i don’t wanna be dealing with emergency repairs etc. That’s why i can’t really see myself as a homeowner

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• JA

  @jayes3520 · 1 year ago

  My takeaway is don’t shame renters who are also investing in the stock market. If one just gets the market average annually your net worth can be the same or more after 15/30 years as the market outperforms real estate over the long run. <br><br>Both are good options in my opinion for different lifestyles and needs.

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• CL

  @clintjensen7814 · 1 year ago

  My only reason for buying a house is I don&apos;t like landlords dictating how I live, how I decorate, or how I choose to use the yard, provided their is one. Other than that, owning vs renting is a personal choice, but don&apos;t think owning a home is some magic money making strategy, it&apos;s not. You have to have a place to live, so owning does you no good at all unless you are willing to keep selling your home and moving around trying to make a buck. I prefer a stable home, fixed up the way I like it, and no one can tell me how to live. I avoid HOA&apos;s at all costs!

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• ZN

  @Zn0nimus · 2 years ago (edited)

  I prefer renting, but I bought our house. &nbsp;Why? &nbsp;Because I don&apos;t like to have close neighbors. &nbsp;I am a light sleeper and sleeps early(9 or 10pm), so if I have neighbors close by like in a condo or apartment, most likely I won&apos;t be able to sleep due to the noise. &nbsp;<br><br>Be nice to hear anyone&apos;s advice on renting vs buying if one of the need of my &apos;rich life&apos; is peace and quiet after 9pm. &nbsp;:)

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• MI

  @micheal_mills · 2 years ago

  This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn&apos;t sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it&apos;s taken until the COVID housing boom for the prices to come back to those original amounts.

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• TI

  @timmorales4331 · 2 years ago

  Great advice and video. One thing you overlook, however, is that a person rents for his/her immediate needs and buys a house based on what he/she thinks will be the needs in 20 years. This leads to an even greater disparity between the cost of renting vs. buying.

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• 정의

  @정의구-f1c · 2 years ago

  Thank you. You just saved me from buying a home in panic

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• CH

  @chriszavos · 2 years ago (edited)

  I used to rent all my life, until my previous landlady kicked me out of the house after 10 years because her daughter wanted to move in. I had to find a new place in a very short time, and there were not any houses available to rent in good condition and at a reasonable price. I decided to buy my own house and I have not regretted it not even a tiny bit.

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• VA

  @varunchhabra497 · 2 years ago

  All this is applicable to people who can afford to rent a 2 bedroom apartment but then go on to buy a 6 bedroom house. <br>My rent was $1200. I bought a condo where I pay $1500 per month including property taxes and insurance. And the thing has appreciated by at least 20% in last 2-2.5 years. So, you can buy a house/condo if you don’t buy a $500k house when you could afford a rent of just $1000 per month.

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• NO

  @noorulameen804 · 2 years ago

  There&apos;s one big drawback with rental, the owner may not want to renew a your lease when it expires . &nbsp;And you&apos;ll be left looking for another unit.. &nbsp;A feeling of uncertainty and insecurity will constantly bother you.

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