Date: 2019-10-16 14:45:01
Renting vs buying a home is one of the most important financial decisions you’ll ever make…but do you know the real reason to choose one over the other? You hear lots of advice from so-called experts but do you know the two reasons that make it personal?
I’ll show you the numbers behind the question of, is it better to rent or buy a house. Then I’m going to share two reasons why you need to ignore the numbers and how to make a decision right for YOU!
Be sure to check out Kelly’s perspective on her channel, Freedom in a Budget. She’s going to lay out the pros and cons of renting vs buying and try to convince you that renting is the smarter decision. She might be right…but you’ll have to click through to see. https://youtu.be/xBSk8G1m9f8
For most people, whether it’s smart to buy a house comes down to two personal factors. Nobody can make the decision for you and whichever you decide will hugely influence your financial life.
Do not avoid this decision! Understand the pros and cons of renting vs buying a home and learn how to make the right choice!
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.