AAR22 - Renting vs. Owning: No Easy Answer
The Investing for Beginners Podcast - Your Path to Financial Freedom
How Does Renting Compare Monthly to Owning?
Evan compares median rent to mortgage costs and shows renting often leaves more disposable income.
You can find Evan’s home buying calculator at einvestingforbeginners.com/home.
In this episode, Evan Raidt and Dave Ahern tackle the classic debate of renting vs. owning a home.
They break down the numbers behind home affordability, share real-life experiences, and discuss how your personal goals and financial situation should drive your decision—not outdated advice or pressure from others.
From the dramatic shift in home price-to-income ratios to the realities of being “house poor,” Evan and Dave offer honest insights, practical tips, and a few laughs to help you make the best choice for your life.
Topics Covered:
- How home affordability has changed since the 1980s
- The real monthly costs of owning a home
- What it means to be “house poor”
- Pros and cons of renting vs. owning
- The impact of lifestyle and flexibility on your decision
- Common misconceptions about buying a home
- Personal stories: why Evan bought and why Dave rents
- Using calculators and tools to make smart decisions
Timestamps:
00:00 Introduction & The Home Price-to-Income Ratio
02:00 Renting vs. Owning: The Real-Life Experience
06:00 Why Most People Don’t Plan for Homeownership
09:30 Planning Ahead vs. Waiting for Opportunity
12:45 How Home Affordability Has Shifted
16:00 The Modern Reality: Dual Incomes & Rising Costs
19:30 Breaking Down the True Cost of Buying a Home
25:00 What Does “House Poor” Really Mean?
28:00 Comparing Monthly Costs: Renting vs. Owning
31:00 Pros and Cons: Maintenance, Flexibility, and Lifestyle
35:00 Personal Stories: Decision Factors for Evan & Dave
39:00 Misconceptions and Outdated Advice
41:30 Final Thoughts, Tools, and How to Reach Out
Resources Mentioned:
Questions or feedback? Email Evan at evan@einvestingforbeginners.com or comment below—your stories and questions help us make the show better!
Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate—we’ll see you next time.
Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.
Today’s show is sponsored by:
Download the Plynk app today to start building your investing confidence.
Go to SHOPIFY.COM/beginners to start selling with Shopify today.
This message is sponsored by Greenlight. Don’t wait to teach your kids real-world money skills, start your risk-free Greenlight trial today at greenlight.com/investing.
Have questions? Send them to Evan at evan@einvestingforbeginners.com
If you’d like to discuss sponsorship or advertising opportunities, shoot us an email at equity@einvestingforbeginners.com.
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