Is Renting A Waste Of Money?
I commonly hear people say that renting is a waste of money. But is this actually true?
On today's episode, I explore whether renting is truly a waste of money or if there is real value to be gained.
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rent vs buy
Explore "rent vs buy" with insightful episodes like "Is Renting A Waste Of Money?", "Episode 18 - To Buy, or Not to Buy: That Is the First-Time Homebuyer Question" and "17: Rent vs. buy debate and why I think it depends" from podcasts like ""Breaking Broke", "Be Real: The Maryland Real Estate Podcast" and "Amigas Get Money"" and more!
Episodes (3)
Episode 18 - To Buy, or Not to Buy: That Is the First-Time Homebuyer Question
Episode 18 (Renting versus Buying a Home):
In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. Brad reviews the March year-over-year plus the last 7 days of real estate market activity and how the market is trending.
In The Scoop, we talk about the decision facing all first-time homebuyers - should you buy or rent? We go over the pros and cons of both owning and renting and help explain when it may make sense to go one way or the other based on your circumstances.
In this week's The Unreal, we talk about (again!) a small victory regarding the FHFA's loan level price adjustments (LLPAs).
In The Spotlight we feature Pappas in Parkville and Cockeysville! If you're looking for crabcakes, you can't go wrong at Pappas! And we just found out they have the option of pre-ordering gluten-free crab cakes! They're on Instagram at @PappasParkville or @PappasCockeysville, or call them at (410) 661-4357 in Parkville or (410) 666-0030 in Cockeysville, or find them on the web at pappasparkville.com or pappasrestaurantcockeysville.com. Check them out!
Episode Highlights
- We recorded before Mother's Day, so Happy Mother's Day to all the great Mom's out there!
- [00:04:20] THE RUNDOWN (Mortgages)
- [00:09:55] THE RUNDOWN (Real Estate)
- [00:21:10] THE SCOOP (To Buy, or Not to Buy: That Is the First-Time Homebuyer Question)
- [01:13:49] THE UNREAL
- A minor victory - more news on the FHFA's loan level price adjustments (LLPAs)
- [01:18:10] THE SPOTLIGHT
- Pappas Restaurant and Sports Bar in Parkville or Pappas Restaurant and Sports Bar in Cockeysville!
- [01:22:56] Final thoughts
- Next episode - Winning the House: How to Make Your Offer Stand Out from the Crowd
Hosts
Michael Becker, Sierra Pacific Mortgage
NMLS #200085
Michael.Becker@spmc.com
(443) 310-0012 (m) / (410) 252-9000 (office)
https://lo.sierrapacificmortgage.com/michael-becker
Brad Cox, The Vesta Group of Long & Foster Real Estate
MD Lic #652795
Brad@HomesByVesta.com
(410) 375-7550 (m) / (410) 583-5700 (office)
https://www.bradcox.realtor/
Links
Michael Becker, Sierra Pacific Mortgage
Brad Cox, The Vesta Group of Long & Foster Real Estate
@berealmdpod
17: Rent vs. buy debate and why I think it depends
Is all renting throwing away money?! Is your primary home always an investment?!
These are all the questions I keep asking myself as the time to move out of the basement approaches. In the last two years, we've been living basically rent-free and everyone's be asking; so are you guys buying something? wait, you want to move back to Brooklyn? why? that's so wasteful.
Well... I guess it depends on who you talk to but in this episode I explore my thoughts on the rent vs. buy debate.
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Resources mentioned:
The Hidden Costs of Owning a Home
Has Real Estate or the Stock Market Performed Better Historically?
What is home appreciation in real estate?
Is Investing in Real Estate Better Than Stocks?
How I (Still) Grow My Money by Renting vs. Buying a Home (Steve Antonioni YouTube)