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Should you buy or rent? Here’s what the math says

The debate over whether it’s better to buy or rent isn’t a new one, but it’s picked up in recent years as interest rates have risen and property values have soared. Which is the better option financially? The answer might lie in a number of considerations, but the math makes a very compelling argument in one direction.

In this video, we’re going to share some data highlighting home prices, building wealth through equity, and growth over 10 years of ownership. If you’re someone who is waiting for rates to come down and hoping to time the market a little better, we’ll explain how the cost of waiting could be more expensive than taking action now.

There are plenty of myths out there about buying a home and we’re going to let the numbers dispel a few of those today.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

1:53 – Home values

3:46 – Building wealth through ownership

6:59 – Buying vs renting

11:07 – Cost of waiting

 

Schedule a time to meet with Bill here: https://calendly.com/blitton/

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