Renting vs. Buying

06/10/2021 20 min Episodio 31
Renting vs. Buying

Listen "Renting vs. Buying"

Episode Synopsis

3rd Decade Program Manager, Nikita Wolff & Lead Financial Mentor, Jennifer Edwards discuss the dilemma between renting or buying (depending on your situation). In this episode, they cover:Tax benefits (or the myth of them to the common tax payer)Hidden costsThe 5% rule as an easy way to find equivalent rents/mortgagesRecommended Debt to Income Ratios (that are more sensible than industry standards)General advice to future homeownersPros & Cons of both renting & buyingWe hope this episode serves as a resource to show you that owning a home is not the right choice for everyone, and that you don't need a home to be financially successful.