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The Rachel Cruze Show

5 Reasons to Rent Instead of Buy

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.8 โ€ข 3.6K Ratings

๐Ÿ—“๏ธ 4 November 2024

โฑ๏ธ 8 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐Ÿ’ต Start your free budget today. Download the EveryDollar app! I know when all your friends are buying new homes, comparison can creep in and make you feel like youโ€™re falling behind. But in this episode, find out why it may actually be wiser to rent for a season. Next Steps: ๐ŸŽฅ Watch my video Weird Things People Do to Save Money (Including Me!). Connect With Our Sponsors: ๐Ÿฅ Learn more about Christian Healthcare Ministries. ๐Ÿ”’ Get 20% off when you join DeleteMe. Listen to More From Ramsey Network: ๐Ÿธ Smart Money Happy Hour ๐ŸŽ™๏ธ The Ramsey Show ย  ๐Ÿ’ธ The Ramsey Show Highlights ๐Ÿง  The Dr. John Delony Show ๐Ÿ’ฐ George Kamel ๐Ÿ’ผ The Ken Coleman Show ๐Ÿ“ˆ The EntreLeadership Podcast ย  Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Hey guys, this Christmas, we're giving away cash. So enter the Ramsey $5,000 Christmas cash giveaway

0:05.8

for your chance to win big this holiday season. Go to Ramsey Solutions.com slash giveaway to enter now.

0:17.8

Well, hey, you guys. So today I want to debunk a myth that has caused a lot of people to feel the

0:22.8

pressure to buy a home before they're actually ready. The biggest myth that I continue to hear

0:28.4

is that renting is a waste of money. And maybe you've heard this before or even believed it yourself.

0:34.8

But listen, it is not always true, okay?

0:38.3

And I know it can feel like you're throwing your money out the window when it comes to rent,

0:42.3

but again, you are not wasting money always, okay?

0:45.3

Renting can actually be a really wise decision that you make in your season of life.

0:50.3

Now, there are pros and cons to renting and buying, but today you're going to learn the five

0:55.6

situations when renting is better off for you than actually buying a home. Before we dive in,

1:01.2

though, make sure to like and subscribe to this channel to get all the latest content when it

1:05.7

comes to your life and your money. All right, the first situation when renting is totally okay

1:10.5

is if you are moving to a new city.

1:13.8

Listen, a new city obviously has all different types of towns around it.

1:19.0

You can go in the city, suburbs, depending on traffic flow, all of it.

1:23.4

And if you are new to that city, you have to learn the city before you go and buy.

1:27.5

Because when you go and buy something, when you go and buy a house, you want to be in at least

1:31.5

five years.

1:32.3

And so if you're moving to a new place, you want a good sense of what is going on in the

1:37.5

city and the part of the city that you're looking at.

1:39.5

Because if you're going to put roots down, making sure that you're actually going to enjoy

...

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