Sign up to save your podcasts
Or
Share Episode 9: Renting vs Buying a Home - which one is better?
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Episode 9: Renting vs Buying a Home - which one is better?
Renting vs Buying a Home and which one is better? Luckily the RE Panel has decided to tackle this hot topic. We have all at some point been faced with the issue of renting vs buying a home and which one would be better for us at the time. Considering timing, finances, availability, market, family structure, employment - are just some of the things that affect our decision to go with either renting a home or buying one. In today's hot housing market affordability plays a large role in what decision or path we take. With home prices skyrocketing renting has become a normal option for the long term. Some benefits of it would include financial flexibility, lower cost, and less responsibility. Some cons would be, of course, no benefit of building equity and the fact that you are paying your landlord's mortgage (essentially). On the other hand, buying a home is quite a feat and requires not only sound financials but an understanding of what homeownership actually is and the responsibilities and the added costs that come with it. Naturally, not everyone is willing to undertake this large responsibility and this, combined with rising home prices, is the main driving force behind the surge in rentals- and consequent increase in the new rental multi-unit buildings being constructed. 100% FREE home evaluation:yourottawahome.com Area alert:yourottawahome.onlineThe RE panel includes: Davor Cukeric - REALTOR® - Ottawa & NCRWaybridge Realty Inc. [email protected] Mike Crisp - REALTOR® - Halton & GTARoyal LePage Meadowtowne Realtymikecrisp.royallepage.caMikecrisp@royallepage.ca416-316-5888 Elyse Bouwmeester - REALTOR® - Waterloo regionRed and White Realty Inc. [email protected] Melody Campos - REALTOR® - Yorkville & GTAForest Hill Real Estate Inc. [email protected]:[00:00:00] Intro (Davor)[00:00:55] Equity vs Cost (Melody)[00:02:00] Rent vs. Buy - Personal Example (Elyse)[00:03:23] Interruption - Little Renter (Davor/Elyse)[00:03:45] Sum-up - Financials (Davor)[00:04:54] Pitfalls of both (Mike)[00:05:58] Strategy discussion (Melody)[00:06:40] Market shift (Davor)[00:08:10] Home ownership - property taxes. (Mike)[00:08:51] Home ownership - costs - personal example (Davor)[00:09:50] Wrap up! (Davor et'all)
View all episodes
By Davor CukericRenting vs Buying a Home and which one is better? Luckily the RE Panel has decided to tackle this hot topic. We have all at some point been faced with the issue of renting vs buying a home and which one would be better for us at the time. Considering timing, finances, availability, market, family structure, employment - are just some of the things that affect our decision to go with either renting a home or buying one. In today's hot housing market affordability plays a large role in what decision or path we take. With home prices skyrocketing renting has become a normal option for the long term. Some benefits of it would include financial flexibility, lower cost, and less responsibility. Some cons would be, of course, no benefit of building equity and the fact that you are paying your landlord's mortgage (essentially). On the other hand, buying a home is quite a feat and requires not only sound financials but an understanding of what homeownership actually is and the responsibilities and the added costs that come with it. Naturally, not everyone is willing to undertake this large responsibility and this, combined with rising home prices, is the main driving force behind the surge in rentals- and consequent increase in the new rental multi-unit buildings being constructed. 100% FREE home evaluation:yourottawahome.com Area alert:yourottawahome.onlineThe RE panel includes: Davor Cukeric - REALTOR® - Ottawa & NCRWaybridge Realty Inc. [email protected] Mike Crisp - REALTOR® - Halton & GTARoyal LePage Meadowtowne Realtymikecrisp.royallepage.caMikecrisp@royallepage.ca416-316-5888 Elyse Bouwmeester - REALTOR® - Waterloo regionRed and White Realty Inc. [email protected] Melody Campos - REALTOR® - Yorkville & GTAForest Hill Real Estate Inc. [email protected]:[00:00:00] Intro (Davor)[00:00:55] Equity vs Cost (Melody)[00:02:00] Rent vs. Buy - Personal Example (Elyse)[00:03:23] Interruption - Little Renter (Davor/Elyse)[00:03:45] Sum-up - Financials (Davor)[00:04:54] Pitfalls of both (Mike)[00:05:58] Strategy discussion (Melody)[00:06:40] Market shift (Davor)[00:08:10] Home ownership - property taxes. (Mike)[00:08:51] Home ownership - costs - personal example (Davor)[00:09:50] Wrap up! (Davor et'all)