The Money Podcast Cheaper to Rent or Buy a House?
Is it cheaper to rent or own a house? For the first time in 14 years, this has changed, it is now cheaper to RENT than to OWN your own home! Rob shares his views on this breaking news as well as the 6 things you should consider when deciding whether to rent or buy.
KEY TAKEAWAYS
- The average mortgage payment has gone up to over £1000 for the first time ever. Mostly due to interest rate increases with mortgages doubling over the past two years.
- All rent is dead money, you get nothing back from it, you don’t own anything.
- You move much more frequently when renting and this costs money as well as time.
- When you own, you’re likely to double the capital value every 12 years.
- Renting isn’t great for your credit score.
- When you own, you can create a home in any way you like and want.
BEST MOMENTS
“For the first time in 14 years it is now cheaper to rent then to have a mortgage”
“All rent is dead money”
“When you rent, your landlord makes money”
“When you rent you’re living in a house, when you own you’re living in a home”
VALUABLE RESOURCES
For access to Rob’s FREE toolkit including video training and resources, head to bit.ly/robtoolkit
bit.ly/Robsupporter
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979