Renting vs Buying a house in the USA. A full financial breakdown of renting vs owning a house. No fluff, just the facts! This video covers all the pros and cons of renting vs buying a home and does a complete financial breakdown of the numbers. The decision is not as simple as comparing the rent to the mortgage payment. Before making a decision, understand all the advantages and disadvantages of renting and buying a house.

***If you're looking to buy a house, here's a video on how to prepare and make smart decisions during the process:    • Before Buying A House DO THIS (The Ul...  

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What's inside this video:
An Easy Decision Method: The 10% Rule

A Full Financial Breakdown: A financial analysis will include property taxes, PMI, maintenance costs, insurance, HOA fees, the effects of length of ownership, mortgage points as well as the none financial pros and cons.

Opportunity Costs: Understand how you lose money due to opportunity costs.

Market Trends: Understanding how interest changes in the future will impact the decision.

Mortgage Points: Understand if buying mortgage points is a good decision.

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Timestamps:
0:00 The Rent vs Buy Decision
1:01 The Home Mortgage
2:28 Other Homeowner Expenses
7:06 A Home as an Investment
8:28 Opportunity Costs
10:35 The 10% Rule
14:05 What if Interest Rates Drop?
14:46 Home Affordability
15:17 Refinancing a Mortgage
16:10 Mortgage Points
18:17 Pros & Cons of Renting vs Buying

Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for educational and entertainment purposes only and should not be construed as financial or legal advice. It is imperative that you conduct your own research and, if needed, get professional advice suited to your unique circumstances. I am merely sharing my passion for personal finance, stock market investing, other types of investing, and overall money management to help people achieve their financial goals.