AAR22 - Renting vs. Owning: No Easy Answer

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather

Investing, Business

4.1 • 1.5K Ratings

🗓️ 4 November 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You can find Evan’s home buying calculator at einvestingforbeginners.com/home. In this episode, Evan Raidt and Dave Ahern tackle the classic debate of renting vs. owning a home. They break down the numbers behind home affordability, share real-life experiences, and discuss how your personal goals and financial situation should drive your decision—not outdated advice or pressure from others. From the dramatic shift in home price-to-income ratios to the realities of being “house poor,” Evan and Dave offer honest insights, practical tips, and a few laughs to help you make the best choice for your life. Topics Covered: How home affordability has changed since the 1980s The real monthly costs of owning a home What it means to be “house poor” Pros and cons of renting vs. owning The impact of lifestyle and flexibility on your decision Common misconceptions about buying a home Personal stories: why Evan bought and why Dave rents Using calculators and tools to make smart decisions Timestamps: 00:00 Introduction & The Home Price-to-Income Ratio 02:00 Renting vs. Owning: The Real-Life Experience 06:00 Why Most People Don’t Plan for Homeownership 09:30 Planning Ahead vs. Waiting for Opportunity 12:45 How Home Affordability Has Shifted 16:00 The Modern Reality: Dual Incomes & Rising Costs 19:30 Breaking Down the True Cost of Buying a Home 25:00 What Does “House Poor” Really Mean? 28:00 Comparing Monthly Costs: Renting vs. Owning 31:00 Pros and Cons: Maintenance, Flexibility, and Lifestyle 35:00 Personal Stories: Decision Factors for Evan & Dave 39:00 Misconceptions and Outdated Advice 41:30 Final Thoughts, Tools, and How to Reach Out Resources Mentioned: Home Buying Calculator⁠⁠ ⁠⁠Monthly Budget Tool⁠⁠ Questions or feedback? Email Evan at evan@einvestingforbeginners.com or comment below—your stories and questions help us make the show better! Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate—we’ll see you next time. Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. Today’s show is sponsored by: ⁠Download the Plynk app⁠ today to start building your investing confidence: https://plynkinvest.app.link/IFB Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SHOPIFY.COM/beginners⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to start selling with Shopify today. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ This message is sponsored by Greenlight. Don’t wait to teach your kids real-world money skills, start your risk-free Greenlight trial today at ⁠⁠⁠greenlight.com/investing⁠⁠⁠. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Have questions? Send them to Evan at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠evan@einvestingforbeginners.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ If you’d like to discuss sponsorship or advertising opportunities, shoot us an email at ⁠equity@einvestingforbeginners.com⁠. SUBSCRIBE TO THE SHOW ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Apple⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Amazon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This incredible chart showing between, we'll start in 1985, showing that the median home sale price was around $78,000,
0:08.0	and the median household income was around $22,000. And just for reference, just kind of as a figure to compare things, that's a house price to household income ratio of about 3.5. In 2023, the median home sale price was
0:24.9	$433,000 and the median household income was $74,000, and that is a house to income ratio
0:32.0	of nearly six. Welcome back, everyone back to any rate.
0:48.0	My name is Evan Ray, and as always, we are here to help you make sustainable financial changes without breaking any sweat.
0:54.3	In today's episode, which is attempting to take on age-old debate of renting versus zoning,
0:59.5	hotly debated, is brought to you by my good buddy, Dave Ahern.
1:03.1	Round of applause, everyone, please.
1:05.3	All right, yeah.
1:06.6	Golf clap, golf clap, hello, hello.
1:09.1	A very polite clap.
1:10.5	Nothing too, too much.
1:12.1	We don't want to, we don't want to wake anybody up.
1:14.9	No.
1:15.8	No, that's not what this podcast is for.
1:17.5	This is a sleeping podcast.
1:19.6	Exactly.
1:20.4	Exactly.
1:21.0	A calm, reasoned approach to finance.
1:25.1	100%.
1:25.9	Well, after I have done so much work to do the intro, so so so much work, I want to immediately
1:31.4	lean on, Dave.
	...

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