Is It Better To Rent A House In 2024?

I created the 9% Rule to calculate if Renting or Buying a house is better in June 2024. If don't know whether to rent or buy a home you definitely will after watching this video! With soaring interest rates, record high home prices, and low inventory, it’s a challenging decision that I break down for you. In this video, I show you the exact numbers to help you make an informed choice. I will also dive into the 9% Rule, which I made as an updated version of the 5% Rule from 2019 with my own spin on it as a top realtor in todays 2024 market. I compare the financial aspects of renting versus buying in today’s market. This is Ben Felix video made 5 years ago so if you would like go check it out here: • Renting vs. Buying a Home: The 5% Rule https://youtu.be/Uwl3-jBNEd4?si=12pKyvoNS6zFgefZ Ben's video, which was the 5% rule, was filmed when mortgage rates were 3% or so. The 9% Rule is updated for the current mortgage rates in 2024! ==================== 🏅*Learn How To Make over $10,000 A Month EASILY With Rentals:* https://www.richwithrentals.com Rich With Rentals: My full step by step rental system is finally available! Learn my entire rental strategy on how I get 100's of FREE leads a day, make over $50K a month and close 250 deals a year! Get 12 LIVE sessions with me as well! It's in order start to finish so you can go at your own pace, download all my exclusive scripts, SOP's, templates, guides, videos and much more! ❇️*Rentspree Sign Up Link:* https://www.rentspree.com/affiliate/andycoleman Use my link to sign up FOR FREE! This is the most widley accepted rental application platform in the USA to screen your tenants. Pro Tip: you can use just this 1 application and copy and paste it for ANY place you want to apply for, so you only have to have the tenant do this 1 time only! *Constant Contact 30% Off Discount Code:* https://www.constantcontact.com/partner-offer?pn=andycolemanexp&promotionCode=SAVE2023&intent=buy Use the link above to sign up for my favorite email marketing software and get access to all my templates that I created to get a 58% email open rate! 📝*Sign up for EXP Realty with me, Andrew Coleman as your Sponsor: * Get direct access to The Andy Coleman Team, Paul Saperstein Team and George Philbeck team! Email me for more information about onboarding and how I will sponsor you. 🧑‍🏫*Book a 1 on 1 Coaching/Team Building Session: * andy.coleman1186@gmail.com Reach out to me for private consulting and team building. =============== *My ENTIRE Camera Recording and Set Equipment:* https://www.amazon.com/shop/theandycoleman/list/39HEFSM6ZBBG5?ref_=aip_sf_list_spv_ofs_mixed_d ============= 📧 *For Business Inquiries:* 📲 Email: andy.coleman1186@gmail.com ========== *Instagram:* @theandycoleman ========= 💟Follow me on all of my *Socials:* 💟 Instagram: https://www.instagram.com/theandycoleman/ TikTok: https://www.tiktok.com/@theandycoleman Facebook: https://www.facebook.com/andy.coleman.exp/ Linkedin: https://www.linkedin.com/in/andy-coleman-24a070269/ ========== *My Websites:* Rentspree Reviews: https://www.rentspree.com/profile/andy-coleman EXP Leaderboards (Search by Sides, I'm #2): https://leaderboard.exprealty.com/ Andy Coleman EXP Website: https://andrewcoleman.exprealty.com/ ======== 👉 *Subscribe to my channel and share this video!* • https://www.youtube.com/@AndyColeman/videos ======== 📺 *Watch My Previous Videos:* 📺 🎬 *$1400/Day Real Estate Agent Lead Generation Free Strategy* • https://youtu.be/-xcg-ZdvgBw ========= *Description:* Should You Rent or Buy a Home in 2024? | The 9% Rule Explained Are you torn between renting or buying a home in 2024? With soaring interest rates, high home prices, and low inventory, it’s a challenging decision. In this video, I break down the numbers to help you make an informed choice. I will also dive into the 9% Rule, an updated version of the 5% Rule from 2019, to compare the financial aspects of renting versus buying in today’s market. I will explain the concept of unrecoverable costs and how to calculate them for both renting and buying. By the end of the video, you’ll know whether renting or buying makes more sense for you in 2024. #RealEstate2024 #RentOrBuy #rentingvsbuying #9PercentRule #HousingMarket #FinancialAdvice ========= *DISCLAIMER:* This Channel DOES NOT Promote or encourage any illegal activities, all contents provided by this channel are meant for INFORMATION only. Some of the links and other products that appear on this video are from companies which Andy Coleman will earn an affiliate commission or referral bonus. As an Amazon Associate, Rentspree and Constant Contact Associate I earn from qualifying purchases. Andy Coleman receives cash compensation from Public for sponsored advertising materials. Andy Coleman is part of an affiliate network and receives compensation for sending traffic to partner sites. This is not investment advice.