BONUS call: Buy vs Rent
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 12 December 2017
⏱️ 9 minutes
🧾️ Download transcript
Summary
This week on the BONUS call it's Chipper from Atlanta with the age-old question of renting vs. buying. There is no rule that says it's always better to own. For some, renting can be a better long-term option. Chipper, currently a renter who despises debt, is wondering if he can make more in the stock market instead of tying up his cash in a house? Good question! Better Off is sponsored by Betterment. Please let us know what you think by leaving a rating or review in iTunes. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2
Transcript
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| 0:00.0 | Welcome to the Better Off Bonus Call of the Week. |
| 0:06.0 | We're sponsored by Betterment, the largest independent online financial advisor. |
| 0:11.0 | Now I know we've been skipping some of the bonus calls recently because we've had these long |
| 0:14.6 | interviews. We're going to keep interspersing them. So please please let us know if you've got a |
| 0:20.4 | financial question. All you have to do is send us an email. |
| 0:23.8 | Ask Jill at better off podcast.com. Ask Jill at better off podcast.com. We'll arrange |
| 0:30.1 | to get you on the air, we'll answer your questions. |
| 0:32.6 | All right, so today we've got Chris, |
| 0:35.3 | and he is on the line from New York City. |
| 0:37.4 | Hey, Chris, welcome to Better Off. |
| 0:39.4 | What can I do for you? |
| 0:40.7 | Hey, thanks, Jill. |
| 0:41.4 | Thanks for taking my call. |
| 0:43.0 | So my family and I, we moved to New York City about a year ago, |
| 0:47.0 | where we lived before, we used to own a home, we sold the house when he moves here, |
| 0:50.0 | and we look at the real estate market and we're trying to decide if A is it worth it to buy that real estate in Manhattan |
| 0:56.5 | We're going to stay in the city probably for 10 years maybe 15 or doing online calculators and things that this doesn't look quite like it pays off as an investment. |
| 1:05.9 | So if that's the case, then what should we do with this chunk of money that we have left over from our house sale? |
| 1:11.8 | Okay, so wait a second. |
| 1:13.5 | You're not sure whether it pays off as an investment. |
| 1:16.8 | So I just want to back up there for a second. |
| 1:19.3 | In New York, it's very, New York City, |
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