There are many different considerations behind housing when you are in the position to choose between renting or buying. During this episode, hosted by Ben Felix and Dan Bortolotti, we address user questions and comments on homeownership, rentals, and the factors that may lead to choosing one over the other. We discuss what makes homeownership more attractive as your financial situation evolves, consider whether or not landlords are making money on their properties in 2024, and explore the explanations behind whether or not renters are less wealthy than owners. This conversation also touches on one of the most common misconceptions about housing, why it is untrue, and how to make this key decision of renting or buying based on both lifestyle and financial considerations and the difference in mindset between renters and buyers. Join us today to hear all this and more.
Key Points From This Episode:
(0:02:06) Homeownership versus renting with renovations and rental evictions in mind.
(0:08:40) Understanding the risks and rewards associated with securitive tenure.
(0:10:09) Factors that may influence changing needs that may influence whether you rent or buy.
(0:15:58) Three factors that one user would include in an argument of renting versus buying.
(0:18:25) Addressing the idea that it is equally expensive for a family or landlord to own a home.
(0:21:00) How the cost of homeownership evolves with time and other factors.
(0:24:50) Why owning a home is not above and beyond better than renting or owning with a mortgage.
(0:27:50) Understanding factors beyond financial considerations when it comes to renting versus owning.
(0:34:10) The difference in mindset between homeowners and renters and the benefits of both.
(0:38:10) Why it is so beneficial to be open-minded and add to conversations rather than rejecting other people’s ideas.
(0:40:25) Ben tells the story from the start of his career and Dan shares his experience of feedback on the Canadian Couch Potato blog.
Links From Today’s Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/
Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder
Rational Reminder on YouTube — https://www.youtube.com/channel/
Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/?team-search=benjamin+felix
Benjamin on X — https://x.com/benjaminwfelix
Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/
Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310/
Canadian Couch Potato — https://canadiancouchpotato.com/blog/
