Ep 16: Renting Vs Owning: Pros and Cons - How You Figure Out Which Is Right For You

<p>Renting vs. Owning is the never-ending debate in personal finance. And the truth is, there is no right or perfect answer because it all depends on your personal situation, circumstances, and goals. </p> <p> I've debated ever writing about this topic because it is a realm of personal finance that includes so many factors and real estate is very regional.  </p> <p>However, this podcast episode was requested by a member of the MLA community, Emily, who DM'ed me regarding this topic. </p> <p class="p1">In this episode, I’m going to be sharing the 5 things you need to consider when looking at renting vs. owning. I will be covering: </p> <ul class="ul1"> <li class="li1">Why renting is not a waste of money and the true costs of homeownership</li> <li class="li1">The areas of your area you need to assess to understand if renting or owning is best for you</li> <li class="li1">My true numbers when it comes to renting vs owning (how much it costs me!)</li> <li class="li1">The long term wealth building strategies (including investing and real estate)</li> <li class="li1">And A LOT more. </li> </ul> <p class="p1">Play this episode if you are looking at renting or buying your first home and learn when it is the right decision for you. </p> <p class="p1"><span class="s2">SHOWNOTES + LINKS</span></p> <p class="p2"><span class="s2"><a href= "applewebdata://1A31919D-BBA5-40F0-98B1-DA8F4894F66C/%20https:/millenniallifeadmin.com/rentingvsowning/"> Renting vs. Owning: The 5 Pros and Cons You Need To Consider</a></span></p> <p class="p2"><span class="s2"><a href= "https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?fbclid=IwAR2g6SNPJCzuOjiCsJM0sH6H8F45MzAtbGKorKeMiHs1nXTGRLBs_dNBc1g"> NYT Rent vs. Owning Calculator</a></span></p> <p class="p2"><span class="s2"><a href= "https://www.youtube.com/watch?v=3oFG3uCcbcE&t=153s">Toronto Rental Market (Video)</a></span></p> <p class="p1"><span class="s2">DON'T FORGET TO STAY IN TOUCH!</span></p> <p class="p2"><span class="s3">Email: <a href= "mailto:kimberly@millenniall