WHY Renting May Be A BETTER OPTION Vs Buying A Home! | Minority Mindset

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Renting vs. Buying A Home - Which One Is Cheaper?
0:00 - Video starts
0:30 - Is renting as bad as people say it is
1:20 - How to calculate the real cost of owning a home
10:50 - How to calculate if you can afford to own a home

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Video host: Jaspreet Singh

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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[zacktube]

Halfway through this, my wife told me that the toilet is leaking.

[davirubi]

I’m just going to buy an old 500 dollar van and live in it 😂

[traceycolvin]

I've had both. I rented and I owned property. Its all up to what's best for you, but do your homework. Don't just jump into it.

[amyhenderson]

Thank you much for sharing Jaspreet! This was so EXTREMELY valuable to me.

[marvinleach]

I agree 10000%. Where I live, renting is frowned upon, but housing is EXPENSIVE. I have a close friend who has purchased his own home, after mortgage payments, he barely has money to survive and depends soley on overtime (which isn't guaranteed)... Meanwhile I am renting, and because of videos like this I am able to set aside money for an emergency acct, future savings for my kids, an account saving money with which I will use for investments. I REFUSE to fall into that mortgage trap

[truthserum]

Ever watch The Money Pit? That was us. Bought a waterfront property that turned into a nightmare on every level. We sold it six years ago, and the new owners also sold it. Been renting since, and now my money is in the bank instead of a contractor's pocket.

[keenkeen]

Mr jasperrt thank you so much for everything. From the bottom of my heart i can't thank you enough for your great effort and breaking things and making it as simple and easy as possible especially for a none educated person like myself.

[akashchanda]

Thank you Jaspreet for giving me a reason to look forward to 7:30 a.m. 👌🏼

[jordanaubrey-realestateinv]

I on Rental properties but I rent aswell I love being able to pick up and leave or just have amenities that I borrow and give back. Great videos brother

[lukeben]

Most people venture into real estate, stock and crypto to be a millionaire, meanwhile, I just want to be debt free

[shanet]

Great work at explaining the Home vs Rentals parables. I agree on the passive streams to sleep better at night, as well as, let other assets or renters pay for your home (property investments).

Until you get the streams going, then determine fo you have either a career that is Downsizing Secure or skills translate in maintaining same lifestyle income streams.

[bryandrake]

He forgot, that rent goes up every year about 3-5%. Plus, the owner can kick you out if he wants to sell the place.

[MsKerry-lpue]

Me saving this video to send to family and friends who try to pressure me into buying a home when I’m not ready 😆

[MikeDoesRandomThings]

Rent is cheaper when you have a roommate that covers half of the expenses. It has worked for me, and was a great method of paying off my student debt. As of july I am debt free. Owning a home is nice, but dont forget it aint just the motgage you gotta pay. But also the property tax.

[radicalfaithministries]

I know of someone who bought a house, invested time and money renovating it, and diligently paid the mortgage for 26 years. Sadly, illness struck, leading to the loss of their home. The devastating blow sent the homeowner into a deep depression, and within a year, they passed away. It's a heartbreaking reality that often goes unspoken; we're accustomed to hearing about "forever homes, " but life's twists can sometimes shatter those dreams.

[wcdx]

Probably one of the best videos I've seen on this subject! Thank you!

[LifeofKairo]

The only reason I rent (despite rent hacking so that I basically live for free) is so that I can save up for mortgage deposits. And I also rent additional apartments to then use in my Airbnb business as that model is much easier to scale than owning (at least at my current net worth)

[MsOnitemi]

You, my friend, are the best financial Youtuber! This is an excellent video. People are told so many lies and they don’t realize it

[jaysaini]

Happy thanks givin! Stay safe and thanks for this cool info

[magcitrate]

I felt so miserable owning, because I couldn’t move when I wanted. It took 4 months of planning to sell and move to a new location. I will be very careful before buying my next home. It’s like a prison. I would rather be free and pay a little more by renting.