#172: Today we go deep on the dilemma of renting vs. buying a home. Joined by Katie Gatti Tassin, we'll discuss current market dynamics, debunk misconceptions about homeownership, and provide insights to help you navigate this significant life decision. We'll also share personal finance strategies and insider tricks to help you secure the best deal. Katie Gatti Tassin is the creator of the Money with Katie podcast blog, and newsletter.
Link to Full Show Notes: https://allthehacks.com/katie-gatti-tassin-rent-vs-buy
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Resources Mentioned
Katie Gatti Tassin: Podcast | Website | Newsletter | Instagram
Fractional Home Ownership: Pacaso
Property Appraisal Appeal: Ownwell
Rational Reminder Podcast
The Fort - An Entrepreneurship Podcast by Chris Powers
All the Hacks:
Full Show Notes
(00:00) Introduction
(03:04) Reality vs. Expectations of Homeownership
(07:50) The Forced Savings Argument for Ownership
(12:33) Factors to Consider Before Buying a House
(14:34) Current Status of Rental vs. Buyer's Market
(16:50) Chris' Experience with Refinancing
(23:53) Why Past Generations Invested in Homes to Build Wealth
(27:16) A Questionable Rule of Thumb for Buying a House
(29:29) Ways to Generate Income from Your House
(31:08) A Big Mistake People Make When Buying a House
(33:40) How Societal Standards Pressure People to Buy Homes They Can't Afford
(41:20) Why You Should Care About What Matters to the Seller
(49:32) Fixed vs. Adjustable Rate Mortgage
(52:13) How to Appeal Your Property Tax
(54:53) Why People Rent Even If They Can Afford to Own a House
(57:20) The Hidden Costs of Owning a House
(1:00:32) The Emotional Reasons for Buying a Home
Connect with All the Hacks
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Chris Hutchins: X | Instagram | Website | LinkedIn
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