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Why Renting Is A Better Investment Than Owning A Home

Richard Fain 164 views

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Thanks for showing the details! Please do another example with rent increase every year And showing home maintenance expenses
Comment from : @94threelittlebirds

A 30 yr fixed you still paid for the home 3 times the purchase price
Comment from : @MrStarmel39

You’re still a tenant in a home , you have more liability in a home and you never own the home You can too be evicted from your your home for failure to pay mortgage/rent
Comment from : @MrStarmel39

I was looking for something like this! Perfect timing
Comment from : @RobertAnsinor-r9u

I’m good with renting now ! I’m not even sure if I want to retire here in the US
Comment from : @nunyafawkingbiz

did the renter not also invest the 14k downpayment that he didnt put in to the house too?
Comment from : @thevalleyofdisappointment

investing in a home might be a sound idea IF 90 of your money wasnt locked up in it How diversified are you gonna be in this crazy situation?
Comment from : @thevalleyofdisappointment

Owning is much better
Comment from : @mariakristinahawl1640

Neither is better than the other it depends on the individual case by case Renting can be better for some and buying better for others all depends on the consumer debt and individuals mindset
Comment from : @checkthemikecrophone9050

It is all different Over a long term, owning is better But renting also make sense in other cases
Comment from : @slaffkas

You forgot to mention all the money spent on home improvements over 30 years Homeownership is a big loser
Comment from : @BigD751

I swear alot of YouTuber pump out video to get views and get a mothly income Is a business just like any other businessmore videos more money same with Graham, minority mindset and Dave Ramsey Dave Ramsey is good for curing debt addicts but very terrible advice to built wealth Robert Kiyosoki wants to sale his book but no knowledge is acquired
Comment from : @Kiama17

You know this video is outdated lol 3 percent rate
Comment from : @mellissiad7281

There are several flaws in your philosophy No portfolio guarantees a 7 return over thirty years The chances of a person being disciplined enough to invest $1,000 every month over 30 years are slim, and none Plus, rent would never remain fixed for over thirty years, and the adjustment for inflation does not compensate for that In your example, buying is 1000x better than renting because, in your example, the loan and the payments are fixed The only variable is property value, and if you are in a good area, it should go up On the renter's side, all factors are fluctuating Not to mention human nature and the ups and downs of life The renter loses every time which why most people who rent have little to no net worth
Comment from : @zerostozeros

Rent Control / Rent Stabilized is golden
Comment from : @c351197000

Stock doesn’t have a cost of ownership really Owning a home requires maintenance and upkeep Buy a stock and that’s all you have to spend on it
Comment from : @winb83

Your analysis does not compare the value of raising a family in a home versus rental/apartment
Comment from : @kevinhurd5956

Better to pay cash a mortgage is going to lock you into a job and kill your chances of entrepreneurship
Comment from : @MrRecapsTV

Your home owns you
Comment from : @JeriDro

Someone with many apartment would obviously encourage you to rent
Comment from : @RJ12347

I have never seen a $410K home rent for $1000
Comment from : @josefj1776

That $1,060 rent could be 10,600 in 30 years
Comment from : @Hev2500hd

Renting is the best but not from a private landlord but a local authority
Comment from : @juniordunkley2751

If only rent wasnt more expensive than the average mortgage 😢
Comment from : @jasminemontanez1240

I hope I never have to rent again Why make the land lord rich
Comment from : @MDVEEJAZZ

I’ll bet you’re singing a different tune now dude
Comment from : @thomasmoroney1079

“…can be…”
Comment from : @HarukiYamamoto

Er, my mortgage is $1200 a month and renting a one bedroom is $2400 a month My home, whether you will admit it or not, will appreciate in value Actually, it already did appreciate 3x more than the original purchase price just 12 years ago! Yes, do the math! Case closed!
Comment from : @MC-do4dw

7 ROI is not 100 guaranteed
Comment from : @50tigres79

Sorry, but I'd rather live in a nice house with a yard in the country, than in some little apartment in the crowded dirty stinking city, any day Even if I have to pay more for it You gain in the quality of life
Comment from : @craigenputtock

Rent will not stay constant for 30 years
Comment from : @doomtomb3

Welp, I’m convinced Thanks for sharing
Comment from : @tammys5417

Why not find a way to make an extra $1000 and invest with the house
Comment from : @xAndrewtaylor

Makes sense for people who don’t get raises
Comment from : @xAndrewtaylor

As long as you’re not in Florida, condos are a great opportunity
Comment from : @PrimitiveAK

My mortgage is less than the rent though To rent my home I would have to pay $3,200 per month My mortgage is $2,400…
Comment from : @_xXPrOjEcTXx_

Loan amortization, appreciation, interest tax deductions & depreciation (straight line or bonus)…ownership is a no brainer
Comment from : @illijah

You forgot maintenance and repairs costs You continue to pay taxes after the mortgage is paid off which continues to go up with inflation Keep that in mind as well
Comment from : @RingsideReporterLive

You must live in the ghetto to get something for 1000$ per month If it's the same price buy that shit all day
Comment from : @anmweather8668

Homes were built for banks not for people
Comment from : @jonesmorales-tu6kq

Have rented an apt for 10 years with nothing to show for it This video is complete bullshit
Comment from : @thanos7245

Or purchase a homebrRent two rooms to cover the mortgage brInvest your paycheck brKick out the tenants when the house is paid off with the tenants moneybrIn the end you have a paid for home and whatever money he said your investment accumulated to
Comment from : @shemhen

Great video I agree Could go either way
Comment from : @michaeltrueblood4688

The home owner will also have to pay fees if they want to sell the house so even though he would have a higher net worth, those fees will eat into what he will have in the pocket after the sale
Comment from : @ThaboMashiloane

For most people, and I mean most, owning a home is the best thing they can do A home becomes a forced saving because many people live hand-to-mouth, no discipline to save money at all brbrP/S If I didn't own my house, there is no way I could afford the current rent
Comment from : @wanjiruwarama2016

What a stupid calculation, the rent will be $1000 for the next 30 years?
Comment from : @cocorelaxationmusic2217

Don't forget to add property taxes
Comment from : @raybrown982

YOU ARE TRULY DELUSIONAL IF YOU BELIEVE YOU OWN YOUR HOME STOP PAYING PROPERTY TAXES AND SEE WHAT HAPPENS!
Comment from : @warrenstringham415

bmeanwhile in Massachusetts/b lol our mortgages here are cheaper than rent across the board
Comment from : @magdalaone

I detest the monopolizing practice of millionaire real estate investors Buying up all the homes (simply to rent them out), investors are ruining the real estate industry by making homes less affordable for the average person who wants to live in one Real estate investors are also decreasing the quality of American homes by not purchasing homes they really care about People follow their lead, and the entire industry just thrives on flimsy real estate for profits br brMost homes today are overpriced for their value, poorly constructed, covered in cheap vinyl plastic, and worthless Every house looks exactly the same, so there is no character You can no longer tell one house from the other in most neighborhoods, and greedy investors are partly the blame br brBuilders aren't using high-quality materials to build homes, because buyers aren't purchasing better quality homes Americans are moving far too often Buyers might as well be investors, since they're moving every 3-5 years! In the past, people never moved that often When buyers constantly buy-flip-move-repeat, they lose interest in the quality of the homes they're buying Moving so often, buyers aren't inclined to care about how homes are made and whether the homes they purchase were built to last br brThose who care about housing affordability AND quality end up with limited choices because builders are just catering to real estate investors and frequent movers A problem too are the many "quick homebuyers" or "cash-for-houses" investors cropping up who trivialize the homebuying process and treat homes as though they were mere throw-away commodities br brFinally, I'll say that we have enough wanna-be real estate investors! We need more people who want to buy AND live in well-designed homes, and live in them for a really long time This needs to happen for builders to revert to caring about building homes properly and well Real estate agents and investors not caring about the quality of the homes they help people purchase and sell, does an incredible disservice to American homeowners
Comment from : @artisanhome8980

My rent is $12K and I make $95K a year! No Baby Mamas, High Ass Rent payment, or Car Note! I’m currently investing $30K per year in VOO, VGT, SCHD, and VTI! -All Money In!
Comment from : @SharkOrDie

Second person would pay the same one thousand dollars for next 30 years, the owner won’t raise a bit?!
Comment from : @apolloares6114

I'm 28, want a house but all the bs you gotta do I had a house(family screwed me over on) it was a lot Every little thing goes wrong and you're on the hook and the taxes 😡
Comment from : @ThunderousNinja

This is why I live in my van and go to the gym for shower 😊
Comment from : @SolidSL510

what about when the rent and the cost of the mortgage are much closer though? I don't feel like you're really comparing apples to apples here
Comment from : @sandpiperbf9767

Why would someone rent out a place for $1000 if their mortgage is $2000 Something more realistic would be a landlord with a mortgage of $2000, charging $2100 a month for rent to cover their mortgage and get some cash on top Does anyone agree?
Comment from : @beauregardaubin

Thank you for explaining this so plainly! Excellent instructor
Comment from : @cw9394

Yes, this doesn't seem fishy at all I always trust youtubers for financial advice
Comment from : @ozawashere

I live in Florida I have had my home for 19 yrs My mortgage has increased because taxes go higher every year now Also, now that my home is 21 yrs old, everything needs replacing The roof, air conditioner and air handler, water heater, etc Even appliances, paint inside and out, flooring, fence around backyard People forget those things when comparing renting to home ownership
Comment from : @sandysimmer1279

Good luck trying to get a fixed 30 year rent in the span of 4 years my monthly rent went up $500
Comment from : @xercesandco7250

Understood
Comment from : @rocksofoffencerighteousam2422

Broke people can’t own
Comment from : @ivanafox1279

The maintenance can be a big issue Taxes etc but yes suggested to buy something you can afford
Comment from : @JohnDoe-fs6lz

Regarding home ownership, in addition to the mortgage payment and insurance, what about maintenance costs (yard care, roof/siding/windows, appliances/furniture, property taxes, etc)?
Comment from : @Cdf1964

The Universe brought me here
Comment from : @moebetta5561

I respectively disagree with you kind Sir Buying a home 🏡 is always better than renting no matter how you try to break it down You forgot about generational wealth
Comment from : @Mslexus134

Great video! I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too This is not financial advise but get buying, cash isn’t king at all in this time!
Comment from : @stjepanhauser7595

You missed two things that are crucial One is the tax benefits the homeowner gets by owning They would have written off quite a bit that you did not calculate The other is that the tenant would have seen their rent increase each year
Comment from : @RothBruce

Back in the days when you could put 14k down on 400 and still pay 2000 a month lmao
Comment from : @ripsirwin1

If you got it though wouldn’t it be better to pay cash up front? I mean if you are able to?
Comment from : @justinsalazar9070

Rent isn't an investment,but what money you're not putting in a house and interest rate can go to other investments and savings
Comment from : @benpainter6874

The problem with renting is that that $1000 will likely double or triple in 10 years or less so there goes your investing money
Comment from : @Thoughtsbysyd

This makes absolutely no sense Your comparing a $400k house to a house worth half
Comment from : @everydaybladesinc

Renting is throwing away money But you can be house rich with and cash poor
Comment from : @rainbowradian1

After 30yrs the house will be yours and the value of the property is much higher The other one after 30 years he got more value from his investment but still renting Which one you will choose? 🤔
Comment from : @QiLgargameplay

I’m an owner I think renting is better for a variety of reasons and the risks of ownership keeps growing every year What I find amazing is how super defensive homeowners get with their decision to own as if there’s an absolute If Mr Fain had accounted for the O&M costs, closing costs, and interest payments in his calculation the net worth of the owner would have been much lower
Comment from : @kendoman3150

Your whole whiteboard makes no sense because the rent on a $400,000 house is much more than $1,000 at the moment Plus, that's going to increase year after year
Comment from : @tonycarboni2002