Renting may make sense in the short term. But you loose out heavily in the long term. Saying this after staying on rent for 28 years with having to move every three years in a new house. Examples you have quoted are exceptions that can happen to anyone. Disagree with the hypothesis, but nice presentation overall!
Indeed, renting isn't the norm and I can understand your take but when you say that you lose out heavily in the long term, I'd like to understand more. If you're talking financially, I've made a video that compares the costs of buying and renting, focusing primarily on an individual's or family's net worth. I would recommend checking it out to see that financially, the odds are that you end up having a bigger net worth with renting compared to buying(not saying it doesn't happen the other way around). If you're talking about psychologically, that's a different conversation altogether. Yes, you might have to consider moving houses but I've also seen instances where people continue to live in the same place renting for years on end because they were able to negotiate their way through it. All this to say, I think we're missing the biggest point or take away from the video - You need to either be well off or have enough money saved to account for the foreseeable and unforeseeable situations. If you do, I would 100% advocate for buying a house. Like I've mentioned in the video, I too am looking to buy a house but not before I have the above sorted.
Renting may make sense in the short term. But you loose out heavily in the long term. Saying this after staying on rent for 28 years with having to move every three years in a new house. Examples you have quoted are exceptions that can happen to anyone. Disagree with the hypothesis, but nice presentation overall!
Indeed, renting isn't the norm and I can understand your take but when you say that you lose out heavily in the long term, I'd like to understand more. If you're talking financially, I've made a video that compares the costs of buying and renting, focusing primarily on an individual's or family's net worth. I would recommend checking it out to see that financially, the odds are that you end up having a bigger net worth with renting compared to buying(not saying it doesn't happen the other way around). If you're talking about psychologically, that's a different conversation altogether.
Yes, you might have to consider moving houses but I've also seen instances where people continue to live in the same place renting for years on end because they were able to negotiate their way through it.
All this to say, I think we're missing the biggest point or take away from the video - You need to either be well off or have enough money saved to account for the foreseeable and unforeseeable situations. If you do, I would 100% advocate for buying a house. Like I've mentioned in the video, I too am looking to buy a house but not before I have the above sorted.
Dont bother watching dumb take.
Wow! I seem to have hit a sensitive bone with this video. Do you mind letting us know why this is a "dumb take?" 🙂