Renting Vs. Buying
In this Show
What are the benefits of renting vs. buying? Most people think the benefits of buying a home outweigh the benefits of renting but this is false. Most people never take into account the cost of opportunity lost. It’s almost never better to own. Instead, you should rent what you own. The more doors you have the better.
1. Renting is cheaper.
2. Nobody should own.
3. Even rich people shouldn’t own, although if you’re rich, it doesn’t matter if own—because you’re rich.
Buying leaves you with no mobility. Freedom should be your mantra, not a house. Don’t use the excuse, “Well, I’ve got to live somewhere.” That doesn’t mean you need to buy because you don’t just need to own something, you need cash flow!