Banana Q: a Filipino-Flavored Podcast

Ep 97: Buying vs Renting a Home


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We talk about the pros and cons of buying vs renting a home.

Pros:

  • Building wealth through equity
  • Low mortgage interest rates
  • Freedom to renovate and modify your house as you see fit
  • No surprises in rent prices
  • Cons:

    • Less flexibility to move
  • Significant asking price
  • Home expenses like repairs, maintenance fees, and insurance
  • Owning your home used to be the practical choice, but this is no longer the case. What changed?

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    Banana Q: a Filipino-Flavored PodcastBy Rey & Dee

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