Is it better to buy a thing or rent it?
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- Опубликовано: 30 сен 2024
- Joshua & Ryan discuss the pros and cons of Buying or Renting and the true cost of owning something with guest Ryan Delk from Omni (beomni.com).
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Just took out a 30 years mortgage :') however, this means that by 55 my house will be paid off and I will enjoy not paying any rent/mortgage for the other half of my life. I regard it like saving up for retirement. But I wouldnt have done it of I wasnt sure we wanted to live here for the rest of our lives.
Besides, in my country the monthly rent is often higher than the monthly mortgage&interest costs
Did I miss the introduction of your guest? Sorry but I have no idea who he was. Great topic though.
I was taught it was better to own than rent too. But now that I think about it...maybe I should rent more, it forces me to bring it back and not hoard more things in my house!!
My husband and I just bought our home last year and I am so grateful that we did. That being said- we have no intentions of moving... ever. Our families live here, our jobs are here, we want to raise our families here. This is were we plan on staying. We even made sure to buy a one story house so we won’t have to face stairs when we are old and arthritic. With the insane cost of living now, it made sense for us to buy because we were getting priced out of the rental market. We literally couldn’t afford to keep renting. We pay extra each month so our 30 year mortgage is going to be closer to a 20 year. And we look forward to having no house payment by the time we are facing retirement.
That being said, my sister starts a new job every year or so, she’s moved 5+ times in the last 10 years. For her, buying would be a TERRIBLE idea. It’s really important to look at your lifestyle and future plans when you’re considering something so permanent.
Awesome!
Another thing you can do to pay the mortgage quicker is to contact your mortgage company and set up a bi-weekly payment plan with them. It is not paying your note in full twice a month, but the payment is split in two - thus knocking interest down to two weeks instead of it building for four and making one payment a month ($1k mortgage paid once a month now split into two $500 payments biweekly).
Hope that helps you out! Keep up the good work
When is the PAKT bag going to be available for purchase? :)
high value = BUY
low value = RENT
I bought my house back in 2009 for $290k in Los Ángeles. It is now worth $550+. So it actually was a good think to buy instead of renting.
Yeah but that's a lottery. Imagine there was an earth quake or something. I guess it's a good idea to buy a house if you can afford it etc but there's too many people nowadays who are trying to jump on am ownership bandwagon in high cost areas making themselves house poor. I rent because where I live the property prices are through the roof. If I bought even small one bedroom I wouldn't be able to afford much and would be living pay check to pay check. Renting allows me to save and invest without being broke.
I recently transferred a bunch of my old music from ADATs. I pondered renting an ADAT machine vs. buying one on eBay. In this particular case, it ended up being cheaper to rent the ADAT machine. I don't have to worry about selling this machine anymore. I was lucky that it came up to be cheaper than buying and that's not always the case.
Never thought of renting items before, however, we just move to Fl from De and had to get a washer and dryer. We bought a set for $800. We ended up moving back to DE within 2 months and had to move it back with us. Renting would have made more sense for that period of time.
Josh is basically a minimalist blond Jeff Goldblum
If it f-cks, floats, or flies.....rent it.
Traducción al español por favor
You guys are awesome.
Glad I saw this video. Watching this has me having second thoughts about owning a home. However, the argument that renters are just throwing away money with nothing to show for it is persuasive. What would your counter be in favor of renting?!?
Renting is purchasing the freedom to walk away.
@@TheMinimalists this is a great response
@@TheMinimalists Owning is the freedom to use it as you wish. if you rent, you have no permission to tinker with the things, and make them more suitable for you. Leasing a car was the most stressful time of owning one, glad it is already bought out.
1st❤️
Much wow