2 – Renting Versus Buying A Home
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 6 March 2019
⏱️ 27 minutes
🧾️ Download transcript
Summary
Renting a house can be a waste of a lot of money. If you think about it, when you don’t stop to see if you’re qualified to buy a home, you waste money paying rent for years. David Sidoni, the “how to buy a home” guy, says wherever you are right now, you SHOULD AND CAN START PLANNING TO buy a home. Mortgage payment with today’s interest rates ARE pretty close to the rent check that you pay every single month. Step out of that fear and step into home ownership. Make it your goal and join David as he tells you everything you need to know about buying a home.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | rent sucks. It makes your landlord richer and doesn't grow your personal wealth at all. |
| 0:06.5 | Rents go up all the time and in the last decade, rents are going up way more than inflation, |
| 0:11.3 | income increases, and the cost of living. If you haven't looked into it, you can buy a home with |
| 0:16.8 | a down payment as low as 3.5%, zero down if you're in the military. |
| 0:21.9 | And you can pay a monthly mortgage for the same price, sometimes even cheaper than your rent payment. |
| 0:29.1 | And a mortgage payment is fixed for 30 years, never goes up. |
| 0:33.2 | There you go. That's it. That's the math. That should be the entire podcast. |
| 0:36.8 | But don't worry, That's it. That's the math. That should be the entire podcast. But don't worry. It's not. |
| 0:54.1 | What is up, everyone? I'm David Sidoni, the How to Buy a Home Guy. I started this show in |
| 0:59.3 | 2019 because after 13 years in real estate back then, I decided to give you a voice. |
| 1:05.6 | Somebody speak to you directly, the first time home buyer, because the truth of the matter is, |
| 1:09.5 | you're getting screwed the real estate |
| 1:11.5 | industry is not talking to you is not explaining things like rent versus buy to you and there's a big |
| 1:17.7 | gap in when they decide that they want to talk to you you get out of high school or you get out of |
| 1:23.2 | college and then you just start renting and they just let you go ahead and do that all on your own. |
| 1:29.0 | Rent, rent, rent. Throw away your money. They figure out one day, you'll figure it out. You'll decide |
| 1:35.8 | adulting is what you're going to do and you're going to stumble into their open house. That's when |
| 1:39.7 | they decide to pay attention to you. Now, forget about the fact that you just lost a ton of money |
| 1:43.6 | renting. |
| 1:48.9 | Maybe you needed a year or two to rent, but maybe if someone had told you right away, |
| 1:54.3 | you could have saved those last few years of renting. They don't talk to you. They don't care because you're not a paycheck at that time. The real estate industry doesn't want to talk to you |
| 1:59.1 | and help you get a one-year plan or a two-year plan or three-year plan. That takes too much time. The real estate industry doesn't want to talk to you and help you get a one-year plan or a two-year plan or three-year plan. |
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