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Rent vs Buy | The Debate!
About this Episode
In this episode Kelly talks about the heated debate of buying vs renting, which debate rages today. There are many people who are very passionate about either of these sides of the issue, and as a disclaimer, Kelly has done both and believes there are benefits to doing either one, which he will go over in this episode. It’s really not necessary to debate this. The decision to rent or buy might be primarily financial, but your lifestyle, goals, or future plans should also be a factor in whether or not you rent or buy.
“You can make your own money. Don’t buy houses and let them appreciate as a strategy to make money. I think you’re going to be very, very disappointed. Don’t allow yourself to believe your home is your greatest asset, it’s a wonderful asset, but use it strategically. If they’re going to loan you that money to buy all these homes, definitely don’t use it to bury yourself in debt.” 18:33
- Owning provides potential stability 5:00
- Lower up front costs 7:30
- Fees 9:00
- Location 9:45
- Freeing up time and money 10:30
- Home owners have more control 13:20
- Building equity 14:55
“You can make your own money. Don’t buy houses and let them appreciate as a strategy to make money. I think you’re going to be very, very disappointed. Don’t allow yourself to believe your home is your greatest asset, it’s a wonderful asset, but use it strategically. If they’re going to loan you that money to buy all these homes, definitely don’t use it to bury yourself in debt.” 18:33
No transcript available for this episode.
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