Why You Should Rent vs Own | Phil Town

Let's hear it, folks, what do you think after watching? Rent or own? If you'd like to get started investing on your own, here is my quick start guide: http://bit.ly/2Nyc5xc

Thank you so much, useful informations!

Where I am, the mortgage for a 300k home is the same as renting the same 300k home in the same location (given that you put 10% down). I dont see why i would rent in this case. Am i dumb?

rent is the best option in my opinion

I totally agree…we rent two houses and live in our other one.

I told my dad I wanted to rent an apartment instead of buying a house and paying off a mortgage and he said I was stupid.

I hated when people use the word "own". PEOPLE!!!! you really don't own your home. The regulations on what you can or can't do to your own house show that it can never be truly yours. On top of that, if you stop paying property tax for reason like a sickness that disables you to work to pay, you will be evicted. unlike the clothes on your back that you truly owned.

where can I invest money with a high return

What if renting is more expensive then buying?

I don't know why Chinese people wants to own a house instead of owning a house, owning a house it's like life goal her in China.

Phil is such a wise man..so much truth in what he says . I met him in person at a workshop. He's great people.

Excellent perspective!

All the renters have sour grapes

Rent a room, and invest the difference. Buy a home cash, and rent it out.

It would be great if you could leave some visual examples with numbers that fit this video. ROI on stocks v ROI on homes with real life examples on both you could just as easily lose everything you have invested in the stock market. Great videos and interesting ideas.

But doesn't that decision depend on location? I live in Southern California and rent prices suck! Paying about $2400 total in a basic 2bd 2ba Apt. The bitch is, I know people who pay a few hundred dollars cheaper on their monthly mortgage.

Should i invest in gold?

This just sounds like an advertisement for his service. I was put off by his statement at the beginning and am unfollowing his channel just for this.

Does this guy rent? Or is he too rich for that?

We live in Bay Area and our rent is $3000, which is unheard of for a 3bd townhouse. We are putting all our extra cash and savings into an investment fund so that we can buy a house for $650k cash in about 7years in Seattle area. What do you think about this plan? We’re a little nervous, but buying a home here would mean at least $9k monthly payment

There's no rule of thumb to answer this question. Take your calculator and evaluate every scenario, do your homework. Everyone's situation is different.

We rent houses we couldn’t afford to buy. We have a smallholding rental. These cost a lot of money. We are self-employed and our age to mortgage ratio isn’t so good. Renting makes more sense for us. We have little left for investment- yet it’s better than the alternative for us, which is living in a town, a town job, etc.

Extremely helpful, thank you so much.

The smart money rents and lease cars, and invest in crypto currencies.