Ryan: Los angeles has the fifth highest median home value, just around 700 thousand dollars. In some areas, like this neighborhood, i a teardown home a few blocks from here, two point seven million dollars for a tear down home. So there's hat additional cost and then you got to build a house on top of it. This is really making me feel good about renting in los angeles actualy. Ryan: There are other reasons why we moved out of los angeles county. We'll talk about those on the maxwell episode.
The Minimalists discuss the pros and cons of owning versus renting homes from a minimalist perspective, and they answer the following questions:
What are your respective opinions regarding owning versus renting homes? (01:48)
Is there an age deadline for homeownership? (10:57)
How do we determine which is more financially feasible for us between renting and buying? (14:44)
What are “Zoomtowns”? (25:07)
Do you consider tiny homes a viable homeownership option, particularly regarding resale value? (32:54)
What should we look for in a community when we’re ready to plant roots? (38:08)
Detailed show notes: minimalists.com/podcast
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