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The Ramsey Show Highlights

Rent Or Buy When We Move?

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 31 August 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.4

My husband and I, we're going to be relocating the Florida in November.

0:11.1

We are on baby steps six and seven, and we're kind of struggling with deciding if we should purchase a home or rent.

0:18.4

Only reason being is if we're going to rent, it's going to cost us

0:21.8

about anywhere from $2,100 to $2,500 a month and just running numbers on a mortgage. It would be

0:29.6

paying about the same thing for a mortgage. So we're just kind of struggling with deciding

0:33.4

with our financial situation, what would be best or the smart way to do that.

0:38.5

What's causing you guys to move? You're just moving for work?

0:42.4

Yeah, we've always wanted to move there, and we both have jobs lined up, so better opportunities

0:47.6

for the both of us. I mean, I could definitely understand the idea of if you own a home now,

0:52.6

like you see the value in that. So wanting to go to Florida

0:55.1

and also buy a home. But there's a big part of that where when you make these big moves cross

0:59.1

country or even just, you know, to another county, if you don't know the area, it's really hard to make

1:04.9

a wise decision because you don't even know what part of the city that you want to live in. So

1:10.2

in many ways, I would just say,

1:12.4

get there, get settled rent for a while until you can learn which areas of town you like and which

1:18.3

areas of town, you know, have the best schools and all of those things that really do go into

1:22.4

making a good home buying decision. Yeah, because buying a home. We've done a lot of research on that

1:28.0

too. Oh, sorry. No, go ahead. Go ahead. You're good. We've been down there a lot the past six

1:33.2

months just for my, the process for my husband transferring his job from here to there. So we do have a

1:40.3

pretty good idea of where we want to be. I guess it's just the struggle of, you know,

1:45.3

if we should jump into it. Obviously, we don't know if it's going to work out. Obviously,

...

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