Rent vs Buy in 2022 - Convert $140k to $1.8M #realestate #money

Rent vs Buying in 2022 is an age old question that is out there and everyone has an opinion one way or the other.

While I do prefer one over the other, the purpose of this video is to adequately show that there is more to buying a home than simply doing it because your parents said so.

The macroeconomic climate currently provides a variety of economic opportunities for people to build financial wealth and gain financial freedom - and real estate is not on top of that list as it used to be 20 years ago.

People need to be aware of what it takes to rent v buy in 2022 more than ever, taking a home loan out in this high-inflation environment, could be nothing short of disastrous. Now is the time to think with your head, and not with your heart - emotional investing is never a good thing, especially when it comes to buying homes; unless you are buying it as an investment property.

Chapters
00:00 - Intro
00:57 - Reasons why people buy houses?
01:40 - Buying a house, is not the only life success metric
04:04 - Things to consider - Buy a house for the right reason
04:04 - Things to consider - Be aware of all the costs associated with home ownership
09:05 - Things to consider - Financial Ramifications of buying a house
13:57 - Converting $140k to $1.8M by renting instead of buying


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Did you miss our previous article...
https://trendinginrealestate.com/multifamily-investing/how-to-generate-wealth-through-multifamily-investing-in-canada-mark-baltazar-and-mike-rockall