Rent vs Buy

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.6 • 1.9K Ratings

🗓️ 8 January 2019

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Rent vs Buy Calculator

Transcript

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0:00.0	Welcome to the Jill on Money Call of the Week.
0:06.3	Remember you've got a couple of chances every week to get on the air with me,
0:09.6	so if you have a question, just send us an email.
0:13.0	Ask Jill at Jill on Money.com.
0:15.7	Ask Jill at Jill on Money.
0:18.6	Today we're talking to David from Maryland.
0:21.2	Hi David, what can I do for you?
0:23.0	Well, my main question is, you know, rent,
0:26.1	keep renting or buy a condo.
0:28.4	Okay.
0:30.2	Give me a little of the background.
0:31.6	How old are you? So I'm 26.
0:34.0	Yep.
0:35.0	All right, married about 10 months ago to my wife who will be 23.
0:38.0	You know, about 30, about combined about between 3,500 and 4,000 a month income. Right now we're
0:47.8	paying only 1,100 a month in rent. Oh I love that rent. Yeah, it happens to be.
0:54.0	It's 350 square feet.
0:55.0	You know, you know.
0:56.0	You know, you're married, you're young, you still like each other, it works, okay.
1:00.0	Exactly.
1:01.0	Yeah, so, you know, we are eventually looking to upgrade in the next few months, you know six plus.
1:05.8	So our two options are we can rent a bigger apartment for but it'll go up to between 15 and 1800 a month
	...

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