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In my last episode of Common Sense Investing, I made the case for why renting a home deserves equal consideration to buying one. Today, I'm going to tell you how a renter can get rich.
What do you think would be a sensible reason to buy a home instead of renting? I’d love to hear about it in the comments below!
I'm Ben Felix of PWL Capital. I'll be talking a lot about other common sense investing topics in this series, so subscribe and click the bell for updates.
*Please note that at 1:03, the mortgage amount is shown as $394,000, while it should show $400,000. Thank you to Dave S for pointing this error out! This error is only in the animation. All of the calculations behind the scenes are unaffected as a $400,000 mortgage is used. The mortgage payment shown, $1,893, is accurate for a $400,000 25 year mortgage at 3%.
This is the second part of the series on Renting a Home. Watch the first episode here:
https://www.youtube.com/watch?v=UuAZ4M9f_sM------------------
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