Ep 97: Buying vs Renting a Home

We talk about the pros and cons of buying vs renting a home.

Pros:

• Building wealth through equity
• Low mortgage interest rates
• Freedom to renovate and modify your house as you see fit
• No surprises in rent prices

Cons:

• Less flexibility to move
• Significant asking price
• Home expenses like repairs, maintenance fees, and insurance

Owning your home used to be the practical choice, but this is no longer the case. What changed?