July 4, 2022

Loans

Its All About The Money

5 Times Renting Is Actually Better Than Owning

12 min read

Chelsea dives into the instances where it actually makes more financial sense to rent a home instead of buying one, such as if you’re still building credit, or the housing market in your area is still in a bubble.

Home ownership costs: https://www.businessinsider.com/buying-new-home-2014-12
https://www.rockethomes.com/blog/home-buying/costs-of-owning-a-home

Home flipping: https://www.cnbc.com/2021/09/27/home-flipping-profits-are-shrinking-but-heres-where-you-can-net-the-most.html

Landlord responsibilities: https://www.thebalancesmb.com/basic-landlord-obligations-2125074

Mortgage rates by credit score: https://www.businessinsider.com/personal-finance/average-mortgage-interest-rate

APR calculator: https://www.bankrate.com/loans/personal-loans/annual-percentage-rate-calculator/

Housing cost abnormal trends: https://www.dallasfed.org/research/economics/2022/0329?utm_source=cvent&utm_medium=email&utm_campaign=dfe

Real estate bubble: https://www.cnn.com/2022/04/07/homes/us-real-estate-bubble-homebuyers/index.html

Cost of retirement video: https://www.youtube.com/watch?v=MD1_COxxMng

Renting costs: https://www.nytimes.com/2022/03/07/nyregion/nyc-rent-surge.html

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