Caller

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

I think it just depends on the person and it depends on the situation. There is not a one size fits all approach to renting or home buying because it is a direct reflection of where we are financially speaking. So it can't just say renting is bad or buying a home is good at every turn because that's just not the way it works.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

So the way I like to think about renting, Jared, is renting is buying yourself time until you're ready to buy a house. That's really what it is. It's I don't believe that renting long term is or for renting without ever the the goal of buying a house. Yeah, that's not a great idea. You're going to be throwing money away long term. So that's not good.

But if you're renting for a short period or even a long period until you're able to afford to buy a house the correct way, I think it's a great thing. Now, let's talk about the other side of it, because a lot of people think buying a house, no matter what, get into a property, get into a house, no matter what, you got to start building wealth.

But if you're renting for a short period or even a long period until you're able to afford to buy a house the correct way, I think it's a great thing. Now, let's talk about the other side of it, because a lot of people think buying a house, no matter what, get into a property, get into a house, no matter what, you got to start building wealth.

But if you're renting for a short period or even a long period until you're able to afford to buy a house the correct way, I think it's a great thing. Now, let's talk about the other side of it, because a lot of people think buying a house, no matter what, get into a property, get into a house, no matter what, you got to start building wealth.

That's also erroneous because, again, it's the same thing. If you cannot afford to purchase a home, you cannot you won't keep it. You'll you'll end up foreclosing. You'll end up having to sell it, you know.

That's also erroneous because, again, it's the same thing. If you cannot afford to purchase a home, you cannot you won't keep it. You'll you'll end up foreclosing. You'll end up having to sell it, you know.

That's also erroneous because, again, it's the same thing. If you cannot afford to purchase a home, you cannot you won't keep it. You'll you'll end up foreclosing. You'll end up having to sell it, you know.

it'll end up causing you to go into further debt right because you can't manage the payment and so buying a house prematurely is also a bad move so the best time to buy a house is when you can afford to buy a house and so around here in my personal experience as well is that the best way to buy a house is a when you're out of debt because now you have the fullness of your income available and

it'll end up causing you to go into further debt right because you can't manage the payment and so buying a house prematurely is also a bad move so the best time to buy a house is when you can afford to buy a house and so around here in my personal experience as well is that the best way to buy a house is a when you're out of debt because now you have the fullness of your income available and

it'll end up causing you to go into further debt right because you can't manage the payment and so buying a house prematurely is also a bad move so the best time to buy a house is when you can afford to buy a house and so around here in my personal experience as well is that the best way to buy a house is a when you're out of debt because now you have the fullness of your income available and

And you can start to kind of frame this up in the right ratios, right? Because you don't want your home payment to be any more than 25% of your take-home pay. And if you're in debt, that could feel like, well, that's impossible. But when you're in debt, a lot of things feel impossible. So being out of debt first.

And you can start to kind of frame this up in the right ratios, right? Because you don't want your home payment to be any more than 25% of your take-home pay. And if you're in debt, that could feel like, well, that's impossible. But when you're in debt, a lot of things feel impossible. So being out of debt first.

And you can start to kind of frame this up in the right ratios, right? Because you don't want your home payment to be any more than 25% of your take-home pay. And if you're in debt, that could feel like, well, that's impossible. But when you're in debt, a lot of things feel impossible. So being out of debt first.

Second thing is, yeah, you do need to have an emergency fund there because let me tell you something. Can I see it all the time? somebody buys a $400,000 house and can't, you know, they buy it too soon with no emergency fund and the AC goes out and they can't afford to fix the $4,000 AC, right? And so now they're like, you know, on the rocks because of all of this. So you've got to be ready.

Second thing is, yeah, you do need to have an emergency fund there because let me tell you something. Can I see it all the time? somebody buys a $400,000 house and can't, you know, they buy it too soon with no emergency fund and the AC goes out and they can't afford to fix the $4,000 AC, right? And so now they're like, you know, on the rocks because of all of this. So you've got to be ready.