The Real Estate Special

The Real Estate Special EP 3: The Great Debate (Renting vs Owning)

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This week on the Real Estate Special, Dan and Tom dive into the greatest debate in real estate... Renting vs. Owning. There are plenty of pros and cons to both Renting and owning and it all depends on the individual's financial/current situation:

  • Renting is more flexible and less expensive upfront. Renters are not tied down to one location or property, and they do not need a down payment or have to worry about closing costs.
    • Owning can help you build equity and provide tax benefits. As you pay down your mortgage, you build equity in your home, which can be used to tap into a HELOC or finance other expenses. Homeowners can also deduct mortgage interest and property taxes from their federal income taxes.
    • Owning can be a good investment. Over time, the value of real estate tends to appreciate, so when you sell your home, you are likely to make a profit.


      • Ultimately, Dan and Tom agreed that the best decision for you will depend on your individual circumstances and financial goals. If you are not ready to settle down in one place or do not have the financial resources to buy a home, then renting may be the better option for you. But if you are financially stable and have a long-term plan for living in your home, then buying a home may be the right decision for you.

      Stay tuned for our next episodes that will be coming out weekly. Be sure to like, comment, subscribe, share your thoughts, and follow us on social media!

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      The Real Estate SpecialBy The Real Estate Special