renting vs buying a home #shorts #comedy #funny

[iskinnedamanalive-sxrt]

My dumbass thought this was a skit and was waiting for the second person with a pink shirt on their head to come in. 💀

[ThomasKing]

Buying is better if you can afford it.

[orginalelements]

I’m genuinely thrown off on how serious this was

[Freddie.Colton]

For someone with stable income like yourself I would actually say buying a home. It's one of the only forms of debt that is worthwhile. The rich people that say renting is better have so much money that to them there's no real difference.

[mammalianmolasses]

Watched three times trying to find the punchline.

[A.Aziz]

Rich people taking advantage of us by lying?
Baseball, huh?

[happygrass]

Spot on bro. I think the point is if you can afford to buy a house buy it. If you cannot, you gotta rent. But if you can buy a house and it’s taking everything out of you, don’t do it and rent instead. It’s better to be able to still have enough money to invest, save, and enjoy life a little than to put your money surviving with a mortgage.

[abujunayed]

😂 Classic Al. The triple entendre, the layers to this joke and the punchline at the end... Oh wait

[linkofvev]

It's the 'Sam Vimes theory of socioeconomic unfairness, ' from the Diskworld books. Buying is better, because you pay less in the long run, but you need more money to do so. The poorer you are, the more you end up paying.

[haloboy]

Not sure if this was meant to be an actual question but its a complicated answer.

Renting:
+Usually a locked in lease(This is good trust me)
+Homeowner is responsible for damn near EVERYTHING
+You have significant legal protections
+You can usually save much more money overall
+Ability to move pretty much anywhere when renting
+Immune to housing market changes until lease is up

-Rent increases almost every time the lease renews
-Landlords either are too overbearing or dont give a shit
-Its basically wasted money since you own nothing
-Landlords can take their time on needed repairs
-No ability to really use preferred services/upgrades
-No equity or stability
-Pet restrictions/Weird as hell rules

Owning:
+You pretty much "own" the house even with a mortgage
+You can do whatever/whenever within HOA rules to it
+Building equity and treating it as an investment
+Basically, the best capital/leverage/nest egg ever
+You can choose who to fix up the home
+You can fix the home yourself and save a lot
+Basically building credit as well
+Always retains most of its value if not building value

-Homeowner is responsible for damn near EVERYTHING
-HOA(these fucking things need to be outlawed seriously)
-You pay a shit load in taxes even in cheaper states
-Taxes effect the home's value and insurance cost
-Its expensive no matter how you look at it
-The process of buying a home is stressful
-Repairs are a nightmare and even simple ones like masonry or duct work can cost thousands with HVAC and Roofing costing TENS of THOUSANDS
-HOA
-HOA

[antonioliles]

Land is always valuable. It may go up and down but is always worth something.

[lissstar]

If the money is available, buying is better. Renting is indefinite: regardless of whether you've paid five times the amount the house was originally worth(which is absolutely a feasible thing that can happen) in rent, you still have to keep paying. The only continued cost from buying is maintenance. Renting is only better if you aren't going to stay long enough to be paying more than what the house is worth in rent.

[GoldenGlaive-]

If you buy you actually keep the money because you have the house
If you rent after like eight years or so, you have lost that money with nothing in return

There are a lot more complexities to this as some of the replies have stated.
Please do your own research if you are deciding to buy/rent and also read through some of the replies to this comment because many are decently helpful ❤

[patrickhill]

Depends, if you plan on moving frequently then renting is better. Otherwise its almost always better to buy. When you rent your monthly rent just vanishes into thin air, it just gets you shelter, nothing more. When you buy, your monthly mortgage payment is mostly going towards your principle which means that you are building equity in your home.

[rentingtrash]

Buying. It’s basically the same price each month, but you actually own it.

[jeffjefferson]

I firmly believe that buying is better. More control over your home, less cost in the long run.

[suupre]

100% Buying:

Renting is pure expense, nothing gained. Same as food or electricity: a net loss.

Buying trades money for something of lasting value. You actually own something. And you can always sell later and get all your money back (obviously does depend on the economy).

If you want my advice, take a mortgage. It's like rent, but now with the bonus of eventually just owning the place. It's almost like a landlord that puts you in his will saying you own the place after he dies 10 years later (kinda idk you get the point)

Only 2 downsides are: That you need to qualify for a loan, which usually means help from parents or years of saving. And like the replies said, that you're also entirely on your own to fix everything that goes wrong, no landlord to pay for the broken door.

Still by far remains the better option though

[ArcadiaCv]

I have the same rent/buy question about girlfriend vs wife.

[MikeysAdviceDaily]

The twist that there wasn't a twist here
.... Was the ultimate twist

[kyledeckman]

AL, I have owned 2 homes so far in my 38 years of living. Buying my 1st one, living in it for 10 years, then selling it, netted me 102k. Now i did lose money on interest. Probably about 30k total, which means the actual net was about 70k. I bought for 152 and sold for 258 (we helped pay buyers closing costs). If i rented i would have never had the cash to buy the house im in now. New home cost 415k and we put down almost 200k to bring the interest down. It is absolutely better to buy IF YOU CAN AFFORD IT. If not, rent somewhere where you can have a realistic savings goal and then after a few years go buy a house.

Also, you are the best creator out there. I know youre a smart and capable guy. Get after it my dude