For decades, owning a home was a key facet of the American dream. With low interest rates, it might be tempting to trade a rent payment for a mortgage, especially if the cost difference is negligible. But when it comes to home ownership, the reality is your costs go beyond just your monthly mortgage payment. How do you weigh what you want, what you can afford, and how where you live impacts your lifestyle? And what are the benefits of renting you'll be giving up? Tune in for a discussion with Eric Turner, Casey Franklin, and Morgan Hermanek to see whether buying or renting allows you to do Money Better when it comes to your living situation.

Show Notes:

Eric Turner: A homeowner at a young age, Eric talks about reconsidering his decision as his life changes and he develops a taste for travel and the possibility of moving. Eric also discusses the pros and cons of being a young homeowner.  

Casey Franklin: Bought a house with a friend. He discusses the compromises involved in buying and selling the home due to life changes. Later, Casey goes into more detail about purchasing a new home after selling that first home and renting for a period of time. Caitlin and Casey discuss his adventures of buying a home and make some suggestions for if you’re looking to purchase a home yourself. They also discuss the pros and cons of renting.

 Morgan Hermanek: Executive Assistant and Educator at NeighborWorks in Lincoln, Nebraska. Morgan explains the education process NeighborWorks provides and explains that renting can be a win if it’s what is best for you and your unique situation. [email protected] or www.nwlincoln.org