If you’re planning to move out, you might be wondering, should I buy or rent? Today, we’re gonna discuss the pros and cons of each.
Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general.
►Outline :
0:00 – Intro
0:16 – Start of Video
1:08 – Outline
1:46 – Pros & Cons
4:07 – Unrecoverable Cost
5:10 – The 6% Rule
7:46 – Sample computations
7:54 – Price-to-Rent Ratio
9:00 – 6% Rule
9:42 – How Much can you afford?
9:48 – How Much can you afford: 28%
10:09 – How Much can you afford: 3X
10:27 – How Much can you afford: 30%
10:43 – Who should Buy
11:24 – Who should Rent
12:03 – Final thoughts
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► Previous Videos :
REAL ESTATE 101: Home Loans? ►
PASALO CONDO BUYING EXPERIENCE ►
CONDO VS HOUSE & LOT ►
CREDIT CARD 101 : What you need to know ►
INVEST IN US STOCKS (GOTRADE) ►
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► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @
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Disclaimer:
This video and description contains affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.
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