Renting Is Cheaper Than Buying!
Renting Is Cheaper Than Buying! – Add me on Instagram: GPStephan
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It’s far more nuanced than just this
Renting is giving up autonomy over your own abode.
Not really because you have renters rights
Do not believe a word of this. The money you put into your house will pay you back later and contributes to your wealth. Renting contributes to this guys wealth.
With real estate completely overpriced and interests rates too high, renting is a great option for people with the discipline to invest the money they save.
In the long run sure but if you plan on living there for under 5-8 years then you should just rent because the closing costs, repairs etc will cost way more than your profit margins
Exactly
Wrong. Just completely wrong
Its actually not. I mean his rent numbers might be.
But mathematically you can in some markets become vastly more wealthy by renting instead. Houses are expensive. Your 2k mortgage doesn’t cover everything. Theres so much other stuff you tend to buy you don’t need to renting. A 2k mortgage vs rental are not equivalent. The rent is absolutely cheaper
@@pdxmusl1510what I’m wondering is that well A eventually the house will get paid off and B the house can go up in value. Houses in my area have gone up 100,000s cause of the desire to move where I live. So I think in the long run it would be cheaper to own.
Short term tho definitely cheaper to rent
This guy owns multiple homes. He is a landlord.
He is, but I’m not and renting is where it’s at. I get to invest 2.5k a month and I’m not even high income
True and he is making good points. I was about to buy a house. $1,900 a month before utilities. In 5 years I would have built about 6k on equity if I also paid extra each month.
Then looked at the numbers and renting for me let’s me save over $2,000 a month. Is my apartment as nice as a house would’ve been? No. Do I love being in an apartment? No. But do the numbers justify renting? Considering equity in the house would be 6k vs saving money in an apartment can be 100k+ in the same time frame absolutley.
Plus I can still buy as a house at any moment if I chose to vs if I bought the house I’m locked in.
@@nickNcaryou arent counting the fact that rent goes up constantly. If you lock in a 30 year fixed rate mortgage, you’re locked in for 30 years. Do you remember what rent cost 30 years ago?
So you think the drug dealer is always a junkie?
Exactly
As someone in property rentals you are 100% wrong and we pray on this.
Bless up 😂
Says the professional landlord
So you think the drug dealer is always a junkie?
Highlighted by most of the comments here, for some reason, people become completely irrational when it comes to real estate
Yes and it’s very dangerous to be irrational about the biggest expense in one’s life.
Says the person that owns multiple houses
When I one day retire, I want to know I have a fully paid off house to live in that can’t be sold out from under me by a landlord.
You’re not building any equity, 2800 for 10 years is 280k getting no where what?
$2800 to rent a 700k home?? gtfoh
Ill be real—after finishing Nixorus books, my first thought was “how the hell is this book even allowed?” It straight-up ripped apart everything school, family, and society taught me about money. No fluff, no motivational clichés, just hard, raw truths you wont hear anywhere else. Now I get why this book isnt mainstream—its too real. If you find it, grab it before its gone.
Bot?
Makes sense in your area, but in my area my mortgage for a 3 bed 1.5 bath is less than a 2 bed 1.5 bath apartment rent. With a pretty normal rate. It’s not a simple answer and there are complex long term numbers that need to be considered. Just gotta do what makes sense for you, there’s no right or wrong for rent vs buy
You guys gotta understand that in these current times it would be better to rent and with that EXCESS money you need to be investing on the side. Rather than tying up your cash in a mortgage. It’s all about ROI
The thing is that there are areas of the country where owning is cheaper than rent. I live in Lansing, Michigan where I own a 2 bed 1 bath home for $900/month. It’s not a bad house and there are plenty cheaper than it. Then when we decide to move, it is a college town so it could be easy to rent it out. Way
more worth it.
Right but its not yours. You cant paint your babies nursery, you cant put a fence up. You have to check with the rental company to put a nail in the wall to hang a picture. The list goes on and on. Renting sucks. You pay so much money for years on end to make someone else rich. Renting is great for people like you that own rental properties.
It’s ridiculous that rent is cheaper than a mortgage in most places.
In Britain, rent is more expensive than a mortgage
My first home won’t be my last.