Is it Better For Me To Rent Or Buy A House?

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No one:
Dave Ramsey: BETTER THAN I DESERVE !

TheGoat-qwjb
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This person is a hard working future deca-millionaire rock star. Wow, I wish I was that smart when I was 24.

coniccinoc
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Mark sounds like a really mature guy. I was still childish at 24.

NoDebtButLove
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Am I the only one here that had there mind blown when Mark said he was 24 years of age? He sounds FAR OLDER than that 😂

zepcrazyfre
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Renters throw their money away, and buyers throw even more money away, By paying mortgage interest, taxes, insurance, and maintenance

vicepresidentmikepence
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Just Airbnb for the 2 weeks youre at home and keep everything in storage. Be the ultimate minimalist !

FeonaLeeJones
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This guy should stay with his parents. Save save save.

anniealexander
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Sounds like he needs a minimal apartment. Not being there with roommates could be a problem unless you know them well.

billyrayband
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If he rents a room off of someone else it'll be easiest for him 🤷‍♂️

ChrisInvests
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*Honestly in my market it makes sense to BUY a home as a rental property and RENT an underpriced one*


The rules are different in every situation.

DanielIles
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He needs to stay with his parents, and a house in cash.

elonmusk
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I think havin ur own property early is a blessing. Its a real sense of achievement and a good asset if bought at the right place and location

InvestingEducation
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Buying a place to rent out when he's not there seems like a great idea. Obviously as long as it brings in enough money 💰

ChrisInvests
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One of my coworker's son is a union merchant marine, he just moved up to the other union that the captains are in while he trains to be a captain. He chose a roommate in the same Union from a board at the hall and they have apposing schedules and they are gone for months at a time. They only see each other for a week or so at a time if that, both of them invest the savings from rent and are going to be millionaires.

This caller could find a guy or two at his company or union (if he is in one) and do what my coworkers friend does.

anthonyc
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Buy a house have your room and rent the other rooms out to cover your costs!!??

tpt
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This guy is Nostradamus. Things sure did change a year from 2019.

maxcflanagan
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Hopefully he reads this but if I was you Mark id do what Dave said rent a room somewhere cheap where you pay say 500$ or less a month. Pay off all debt if you havent already. Your making 109k a year, if you budget right, lived somewhat frugal... Not spending 4000$ a month you easily could save for the next 6 years.. say you save 65k a year thats 300+k by the age of 30. Buy a house cash at that point and you can do same principal now but use that 500$ your paying and that would be basic bills like heat/ect. Save that 65k a year with investing a good portion you could retire a multiple millionare by age 50 with a house paid for and no worrys about money.

Glonnky
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If his parents have a yard, he could buy/build a tiny house for 10-15k, stick it there, and be living someplace paid for with no extra fees. (And could still rent it out when he’s not there if he really wanted.) When he’s ready to move on in life, he can sell it. Or gift it to them as a guest house. Or keep it and take it with him to his next location. No roommates to deal with, parents on site to keep an eye on his stuff; he’s out from under their roof

whereschloevids
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That’s his insecurity talking. He said he’s home for 2 weeks and is only at his folks’ house for 8 days? He’s obviously spending the other 6 somewhere else. Dude, just stay at your parents house. That’s free money right there - guilt free - and you’re never there.

whysoblutube
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First video I watch on this channel, and the caller is from my hometown.. crazy.

ashleynajera