Why Buying Is Not Always Better Than Renting

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So you’ve probably heard the phrase “renting is money down the drain” and you’ve probably been told your whole life, that you should get on the property ladder and buy a home, because once you’ve bought a home, then you’re saving money and it’s an investment and stuff, and hey, at least you’re not renting anymore and throwing all that money away.

BUT it’s actually a lot more complicated than that. BOTH buying and renting have costs, both financial and psychological, and those are the factors we need to take into account which I’ll be discussing in this episode of Money Club.

How to Invest for Beginners: https://www.youtube.com/watch?v=gFQNPmLKj1k
I Bought My First Rental Apartments: https://www.youtube.com/watch?v=ZzoDlgxu3CI
Buy Vs. Rent Calculator: https://my.causal.app/models/98

00:00 Intro
01:36 Chapter 1 – The Home buying bias
02:28 Chapter 2 – The SMORES rule
03:15 Chapter 3 – Financial factors
03:27 Sunk Costs
05:43 Maintenance costs
06:39 Opportunity costs
14:18 Chapter 4 – Psychological factors
14:30 Roots vs Wings
15:32 Easiness
17:02 Savings

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