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Let's revisit the topic of speculation and assumptions in the context of homeownership
versus renting. This is a topic that people love to debate. they can come up with countless
"what if" scenarios. What if the property appreciates in value?What if I live there
for 5 years, 10 years, 15 years? What if my income and employment improve? What if my
investments outpace the appreciation of the property? Those are all certainly valid questions,
however unless they have a crystal ball they don't know with any guarantee whatsoever what
will happen 5, 10, or 15 years into the future. What they do know is what their cash flow
is today and what their expenses are today. And that is something that can be put into
very realistic terms. You can look at the relative expense of homeownership versus renting
- which we did in a previous video. You can also take a look at the cash flow of an investment
property (or multi-family) which we did in that same video. So it's up to you to decide
how you want to approach homeownership versus renting. Do you want to make your decisions
based on speculation about a future that you do not know the answers to, or do you want
to use today's figures, today's impact to help guide you in your decision-making? Ultimately,
that is up to you, no one else. Keep that in mind.