Description

Hello friends, today we had the pleasure of going through a couple of scenarios and how we think about the decision to buy vs rent. In this episode you'll hear one situation where it seems like renting would be the best choice, but you'll also hear a situation where buying may be the best fit. We go through a framework that you can follow when this comes up in your life. We also provide a fresh twist on how buying vs renting may impact your life in ways that you may not have considered. 

Educational Topics:

• Buying - Though this is what we're often told to do, it's not always the best decision. We should consider things like our goals, what drives us, and how do we see our lives in the future.
• Renting - Renting gets a bad rep but it can oftentimes be much cheaper than buying a home. It's important to compare the cost of renting to buying and to determine the breakpoint where buying then becomes cheaper than renting.

Resources:

• Redfin market research: https://www.redfin.com/city/13969/CA/Orange/housing-market
• SmartAsset rent vs. buy calculator:
• https://smartasset.com/mortgage/rent-vs-buy#pjzImbObJw

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