Hosts: John and David Thompson

Full Podcast here: https://smplmoney.podbean.com/e/should-you-buy-or-rent/

In this episode of SMPL Money, John and David tackle the classic question: “Should you buy or rent?” They dive into the factors influencing the decision, such as market conditions, cash flow, personal goals, and lifestyle considerations. With insights from their own experiences and practical examples, they discuss why owning a home might not always be the best financial choice for everyone and explore alternative ways to invest in real estate.

What You'll Learn: The pros and cons of buying vs. renting in today’s market. How location and affordability impact the decision to buy or rent. The concept of opportunity cost: Why it’s important to consider what you could do with the extra cash flow from renting. Different approaches to building wealth through real estate, including fractional ownership and investing out of state. The importance of understanding your personal and financial goals when making housing decisions.

Resources Mentioned: -Ric Edelman’s Article: 11 Reasons to Carry a Big Long Mortgage https://www.edelmanfinancialengines.com -Fundrise for fractional real estate investing -Your Money or Your Life by Vicki Robin and Joe Dominguez https://a.co/d/3JRiIki

Connect with Us: Reach out to John and David with your questions or feedback. SMPL Mortgage https://smplmortgage.com/contact-us/ Follow us on social media for updates and more insights. @smplmortgage

If you enjoyed this episode, please like, share, and subscribe to SMPL Money for more insightful discussions. Stay tuned for our next episode where we continue to unravel the complexities of finance in our lives