Why Renting Beats Owning in This Broken Economy

Hey Satsmate Stackers, 

I hope you are all having a great week! We are seeing prices stay elevated, interest rates stay elevated, while the labor market seemingly is strong. Stocks are hitting all-time highs, while many interest rate-sensitive assets like Bitcoin remain muted. In this economy, I can get a much better deal renting than buying. Specifically, in this podcast, I cover the following: 

• In this economy, I think renting is greater than owning
• I’m paying $2100 or so per month for where I am living, if I put 20% down & had a mortgage, I would be at $3400
• This delta, I am going very hard and investing, as I know I need to build equity in my future
• That difference between rent & buy can’t just be spent though; it needs to be allocated with a purpose
• Most things I think we should buy outright, like a car, any electronic device, and things that go into a home
• Any experience should be owned & never financed as well
• Homes are something that have been propped up way too high, due to institutional investment, and people treating homes as money because the money is broken
• Rent isn’t always better than owning - but I think it depends on one's situation, homes in the area you are in, how much down payment you have, and what horse you think is the fastest
• As many of us know, we never really own our homes - rather, we are perpetually paying taxes, fees, HOA, huge commissions, utilities, and more
• Don’t go into buying a home just cause everyone else is
• Trust me, I don’t like rules - and having a home gives you more freedom - but is an HOA really freedom?
• Many people who “Own” their home maybe can’t travel as much, or can’t put money into certain activities they value
  • I think after tax, you need to try to keep it between 15-20% tops, the bankers and everyone say 30-40%, but that just means you are bound and house poor
  • Don’t follow what everyone else does - or you will become just like everyone else

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Best Regards, 

SatsMate Stack

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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before investing.