267: Should You Buy or Rent?
The Chris Harder Show
Chris Harder
4.9 • 1.5K Ratings
🗓️ 26 September 2019
⏱️ 31 minutes
🧾️ Download transcript
Summary
In This Episode You Will Learn About:
- Is renting throwing away your money?
- When buying a home is the right move
- The hidden costs of home ownership
- The benefits of renting
- The formula to decide if home ownership is a good value
- The smart home-buying strategy
Resources:
- Free training videos: fortheloveofmoney.com/free
- Money Principles
Show Notes:
Is homeownership the right move? This can be a controversial topic, but so many people have questions about it, and more importantly, so many people get it wrong.
I'm going to address this financial urban legend that's been fed to people who, while meaning well, didn't know any better. So many of us just follow the advice that someone gives them without stopping to run the numbers on it. It was also probably given to you by people who aren't exactly financially savvy. We're going to go over when buying makes sense, when renting is a better idea, and the smartest home-buying strategy I know.
Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com
For the Love of Money is a production of Crate Media
Transcript
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| 0:00.0 | I'm not saying buying a home at some point is a bad idea. |
| 0:04.7 | What I'm saying is most of us were taught to rush out and buy a home as soon as we possibly can. |
| 0:10.8 | And that is the bad advice. That is the bad idea. |
| 0:13.0 | That is the bad idea. |
| 0:15.0 | Welcome, everybody. |
| 0:20.0 | This is for the love of money where we are making you |
| 0:24.5 | unapologetic about your pursuit of success by sharing the tools tips and |
| 0:29.7 | stories of those who have already made it. |
| 0:32.5 | My name is Chris Harder, |
| 0:34.0 | and each week I will bring you incredible guests |
| 0:37.0 | in order to prove that when good people make good money, |
| 0:40.0 | they do great things. Hey everybody, welcome back to another mini episode, |
| 0:49.0 | of For the Love of Money episodes that I'd like to call my two cents. |
| 0:52.0 | And today, my two cents is getting brave |
| 0:54.4 | like I'm going to address a really big and controversial topic that so many |
| 1:02.0 | people debate out there and that so many people debate out there and that so many people wonder about out there |
| 1:06.3 | and that the bulk majority of you know Americans or people listening have wrong and that is this. |
| 1:15.0 | Is home ownership the right move? |
| 1:19.0 | Should you rush out and buy a home right away. |
| 1:23.6 | So I'm going to address this financial urban legend that's been fed to you by people that |
| 1:27.2 | loved you, but quite honestly, they didn't know any better. |
| 1:30.2 | They were just following the advice that somebody else gave them and somebody else gave them without ever stopping to actually run the numbers on it and I'm also going to say it's probably given to you by people who except for a few rare cases out there weren't exactly financially savvy, |
... |
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