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Is Homeownership A Scam? (Rent vs. Own)
Description
Should you rent or own your home?
Host Keith Weinhold reveals the biggest homeowner myths.
Complete episode transcript below. Read along.
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Resources mentioned:
Business Insider: Rent vs. Own:
Housing Wire: Homeowners Wish They Were Renting:
https://www.housingwire.com/articles/49743-quarter-of-us-homeowners-wish-they-were-renting-instead/
Mortgage Loans:
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Welcome to Get Rich Education. I'm your host, Keith Weinhold. Is homeownership a sham? Is it a rip-off?
When it comes to the home that you live in yourself, is it better for you to pay rent to a landlord, or own that home yourself?
For your primary residence, what should you do in your specific life situation? You'll learn today … on Get Rich Education.
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Welcome to GRE! From Syracuse, Sicily, Italy to Syracuse, New York and across 188 nations worldwide. I'm Keith Weinhold, this is Get Rich Education.
Usually on this show, you learn about how buy-and-hold rental property, when bought strategically - produces wealth. We'll return to that next week, but today ...
… it's about your primary residence. And, when we talk about, should you own your home or is it better for you to pay rent to a landlord - think about how important this is.
Because whether I've had the chance to meet you yet or not, there's one thing that I definitely know about you, and that is, you are always going to live … somewhere.
Your housing expense is one of the biggest financial expenses in your life.
Despite that it's such a substantial financial decision for you, some people revert to orthodoxy - this FLAWED orthodoxy where they think that owning is always better. That's not true.
I really want you to watch your mind as I tell you this today, because there are very likely a few tripwires installed there … and I am about to hi