Renting vs Buying: Everything You Need to Know

It's a common belief that spending your money on a mortgage is better than in rent, but that isn't always the case. Farnoosh Torabi explains when it's better to rent and when it's better to buy a home.

00:40 Budgeting for housing costs
02:21 How much can you afford
03:48 The Home Owner’s Calculus
04:06 Myths about renting versus owning
04:38 Cost of renting
05:28 Cost of buying
07:40 Buying a home = investment?
08:30 Conclusion

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[justgio]

This is the best and simple explanation about this forever debate about renting vs buying. Very honest and funny too. Thanks!!! you are the best!

[pJunies]

Extremely valuable information!
Thank you!

[kombe]

Exactly people just think of the mortgage repayment and say it’s cheaper but it’s really not

[Justin_tech]

When you say 30% of your take home pay, do you mean net or gross income?