Buy or Rent (What They Don't Tell You)

In this video, I break down the pros and cons of renting vs buying a home. Find out the benefits of renting, like flexibility and fewer maintenance worries, and compare them to the advantages of buying, such as building equity and having a place to call your own. We also discuss the downsides of each option to help you make the best decision for your situation. Join me to learn which choice is right for you! ⏲️Time Codes: 0:00 Intro 0:25 Emotional Component to Financial Decisions 0:54 Longterm Security 1:42 Amenities 2:47 Maintenance 3:53 Forced Savings 4:55 Flexibility 7:31 Buyer Regret 9:44 Price to Rent Ratio method 12:24 Unrecoverable Cost method 16:09 Tax benefits of home ownership 17:15 Leveraged Investment 19:29 Compounding 20:21 Next Steps 🌟 About Me : Former Submarine Officer/ Nuclear Operator turned into a Real Estate & Personal Finance Nerd. I was able to achieve millionaire status through real estate while continuing to work my 9 to 5 job. I want to help you achieve the same results. On my channel I try to give a realistic and honest prospective on building wealth through real estate and the stock market. I detail my greatest successes and failures on my journey and give actionable advice to help you on your financial journey. New videos released weekly. 🔗 Links: Humphrey Yang's Video https://youtu.be/m8NqcKPfFEc?si=IfImr02vfhn2tNYP 🛍️ Talk Higgins Merch: https://talk-higgins-merch.company.site/ 📧 Join my Email Newsletter for Free Insights directly to your Inbox: https://talkhiggins.ck.page/c530cca832 💵 Start your Airbnb journey using my link for free listing review and receive $40: https://www.airbnb.com/r/terrellh1006?s=6&t=061n1v 🌯Buy Me Chipotle https://talkhiggins.ck.page/products/buy-me-chipotle For business inquires please email at talkhiggins@gmail.com 📌Disclaimer: I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Terrell may have an ownership interest in them – Please do not make buying or selling decisions based on Terrell’s videos. If you need advice, please contact a qualified professional.