Buying A Home vs. Renting: Which Is Better Long Term? | Debunking "Influencer" Opinions

Are you trying to decide between renting and buying a home? Click on our free buyers guide to get all the information you need on your home buying journey: move2reno.org/buyerguide
In today's video we dive deep into the pros and cons of renting vs. owning real estate and explore which option might be cheaper for you in the long run.
💡 Key Points Covered:
Pros and Cons of Renting
Pros and Cons of Buying
The financial impact of renting vs. buying on your lifestyle and long-term wealth
Tax advantages of homeownership
Opinions of major finance gurus like Dave Ramsey, Ramit Sethi, and Graham Stephan, and why we disagree with some of their advice
🌟 Did You Know?
90% of millionaires became wealthy through owning real estate.
Homeowners typically have a 35-40 times higher net worth than renters.
📊 Financial Insights:
Why Dave Ramsey's 20% down payment rule might be too conservative
Ramit Sethi's renting philosophy and its practical limitations
Leveraging real estate for long-term gains versus short-term renting benefits
Whether you're considering relocating to Reno, Northern Nevada, or just want to make an informed decision about your housing options, this video is packed with valuable insights to help you make the right choice for your situation.
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Thinking of moving to Reno, Nevada?
Schedule an appt: move2reno.org/schedule
move2reno.org/
Call or text: (775) 327-9900
Email: brian@thelessingerteam.com
Website: www.thelessingerteam.com
Brian Lessinger | The Lessinger Team
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Free Resources:
More information about Reno:
www.reno.gov/
Things to do in Reno:
www.visitrenotahoe.com/
Reno Schools:
www.washoeschools.net/
www.greatschools.org/nevada/r...
Colleges and Universities:
www.unr.edu/
www.tmcc.edu/
wnc.edu/
Reno Food:
www.visitrenotahoe.com/restau...
www.yelp.com/search?find_desc...
Lake Tahoe Information:
visitlaketahoe.com/
If you enjoy this video, please subscribe to our channel and ring the bell to be notified of future content about living in Reno Tahoe. I look forward to sharing more insights with you! 🛎️
If you or someone you know is thinking about living in Reno, Nevada, or any other part of Northern Nevada, we would love to help! We would love the opportunity to navigate the Reno Nevada real estate market. Just give us a call, shoot us a text, send us an email, or schedule a Zoom call, and we'd love to help you make a smooth move to Reno, Nevada.
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Thinking of moving to Reno, Nevada?
Schedule an appt: move2reno.org/schedule
move2reno.org/
Call or text: (775) 327-9900
Email: brian@thelessingerteam.com
Website: www.thelessingerteam.com
Brian Lessinger | The Lessinger Team
⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️⬆️
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0:00 - Which Is Better Renting Or Buying A Home?
1:54 - Pros and Cons of Renting A Home
2:47 - Pros and Cons of Buying A Home
3:23 - Dave Ramseys Opinion On Real Estate
3:55 - Ramit Sethis Opinion On Real Estate
4:23- Graham Stephans Opinion On Real Estate
4:58 - My Issues With Ramit Sethis Advice
5:37 - Is Buying A Home A Good Idea?
8:57 - Investing In The Stock Market vs. Investing In Real Estate
9:41 - How To Qualify Yourself For Buying A Home
11:51 - Renters Pay Attention!
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#RentingVsBuying #RealEstate #LivingInReno #FinanceGuru #Homeownership #RealEstate #RenoRealEstate #NorthernNevadaLiving #DaveRamsey #RamitSethi #GrahamStephan #buyingahome

Пікірлер: 5

  • @EvanCarmichael
    @EvanCarmichael3 күн бұрын

    Your detailed analysis and clear explanations really help viewers make informed decisions. Thanks for shedding light on this important topic! -Macy (Team Evan)

  • @LivingInRenoTahoe

    @LivingInRenoTahoe

    3 күн бұрын

    @@EvanCarmichael Thank you. I appreciate the love and positivity.

  • @kaligirl1980
    @kaligirl19802 күн бұрын

    I love everything Ramit says except his simple explanation on why not to buy a house. Rent goes up too!! What on earth is he talking about? And he's from the SF Bay Area so he knows the rent goes up. He's right that the renter does not have to pay for repairs. I've seen older owners have to sell because they can't afford to pay for the repairs so he's right but he should suss that out a lot more. I personally think owning a home that you can stay in for more than 5 years is great. I plan to own mine until I pass. I made the mistake of moving from one 3/2 in a suburb to a more expensive 3/2 in an urban area and my payment nearly doubled. I should have stayed where I was and just enjoyed the cream that came with my annual income increasing. I know better now, which is why I plan to own my home until I pass. I'm no longer interested in lifestyle creep. I want to build the rest of my wealth in the market. Great video.

  • @danieltrammell9974
    @danieltrammell9974Күн бұрын

    Buy a house below market fix and rent. Use a project manager to find the renter and run the house.

  • @LivingInRenoTahoe

    @LivingInRenoTahoe

    Күн бұрын

    @@danieltrammell9974 it takes money to do that but that is the strategy.