ACCOUNTANT EXPLAINS | Renting Vs. Buying a Home in 2024

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In this video, we discuss the rent vs. buy decision when it comes to homes, apartments, or condos. We talk through both the psychological and financial implications of this decision so make sure to stick around throughout the entire video!

Timestamps:
00:00 - Intro
00:54 - Current Housing Economy
03:08 - Pros and Cons of Renting and Buying
07:28 - Financial Implications - Example

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DISCLAMER:
This content is for education and entertainment purposes only. Andrew does not provide financial, tax, or investment advice, so please always do your own research. The information is presented without considering the investment objectives, risk tolerance, or financial circumstances of any specific investor and may not be suitable for all investors. Past Performance does not predict future results. All investing involves risk, including possible principal loss.

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Excellent video! Very clear and concise presentation.

fredswartley
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Great stuff, Andrew! Very informative!

LocalTennisPlayers
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The net worth of the average homeowner in the US is *40 times* the net worth of the average renter, according to the Federal Reserve. So based on that, do you want to be a renter or an owner?

chiplangowski
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Buying is always preferable if you don't have to borrow a ton of money. But yeah, buying is stupid because interest repayments are stupid. Most people will end up paying double for their house because that's what the interest repayments will calculate to. So if you don't have money to buy your house out right, you're either putting money in interest or rent, either way its a money pit, so choose your poison. Renting is better if you have discipline to put the money saved from interest repayments into stock markets or something.

MrAkaacer