Katie

Oh, man. Yeah. This just turned into a horror podcast, by the way. Seriously. It's like shifting to true crime. OK. Yeah. Last night, actually, I was next door with my neighbors here and they bought their home in 20. 2019, I think, here in this neighborhood that we live in in California. And somehow we got on the subject of mortgage payoff.

Oh, man. Yeah. This just turned into a horror podcast, by the way. Seriously. It's like shifting to true crime. OK. Yeah. Last night, actually, I was next door with my neighbors here and they bought their home in 20. 2019, I think, here in this neighborhood that we live in in California. And somehow we got on the subject of mortgage payoff.

And they were like, yeah, like they pulled out their sheet and they showed me, you know, this is our mortgage and this is our interest rate. Should we pay it off early? It was like 2.6%. I was like, under no circumstances should you be trying to pay that off faster. But

And they were like, yeah, like they pulled out their sheet and they showed me, you know, this is our mortgage and this is our interest rate. Should we pay it off early? It was like 2.6%. I was like, under no circumstances should you be trying to pay that off faster. But

And they were like, yeah, like they pulled out their sheet and they showed me, you know, this is our mortgage and this is our interest rate. Should we pay it off early? It was like 2.6%. I was like, under no circumstances should you be trying to pay that off faster. But

their mortgage for their home next door that's very similar to ours is about half as much as the rent that we pay to live in our house. So it's a crazy world out there. We are actually moving from California to Denver, Colorado in the spring. And so that's why we're house hunting and looking for a new place to live. And we were very open to, okay, well, we'll rent or we'll buy.

their mortgage for their home next door that's very similar to ours is about half as much as the rent that we pay to live in our house. So it's a crazy world out there. We are actually moving from California to Denver, Colorado in the spring. And so that's why we're house hunting and looking for a new place to live. And we were very open to, okay, well, we'll rent or we'll buy.

their mortgage for their home next door that's very similar to ours is about half as much as the rent that we pay to live in our house. So it's a crazy world out there. We are actually moving from California to Denver, Colorado in the spring. And so that's why we're house hunting and looking for a new place to live. And we were very open to, okay, well, we'll rent or we'll buy.

We're not really married to either path. We're just going to let the numbers kind of guide this decision. as well as the inventory that's available in the rental market and the market for buyers. And honestly, the long and short of it is we're probably going to keep renting because I literally just cannot make the numbers work.

We're not really married to either path. We're just going to let the numbers kind of guide this decision. as well as the inventory that's available in the rental market and the market for buyers. And honestly, the long and short of it is we're probably going to keep renting because I literally just cannot make the numbers work.

We're not really married to either path. We're just going to let the numbers kind of guide this decision. as well as the inventory that's available in the rental market and the market for buyers. And honestly, the long and short of it is we're probably going to keep renting because I literally just cannot make the numbers work.

The location that we're looking in still has median prices that are so far beyond reasonable. Two bed, two bath, 1.1 million needs work, right? And it just... Unless we're going to be in the house for 10, 15 years... I just don't feel super confident yet that it's the right path. So I'm feeling like we're going to keep renting and investing the difference.

The location that we're looking in still has median prices that are so far beyond reasonable. Two bed, two bath, 1.1 million needs work, right? And it just... Unless we're going to be in the house for 10, 15 years... I just don't feel super confident yet that it's the right path. So I'm feeling like we're going to keep renting and investing the difference.

The location that we're looking in still has median prices that are so far beyond reasonable. Two bed, two bath, 1.1 million needs work, right? And it just... Unless we're going to be in the house for 10, 15 years... I just don't feel super confident yet that it's the right path. So I'm feeling like we're going to keep renting and investing the difference.

Yeah. So I think that the high level... heuristic that can be very helpful here is the price to rent ratio in your zip code. So last year, it was a pretty big headline that I want to say in 70% of US cities, maybe more than 70% of the US, it was net cheaper to rent your home than to own it. Now, these are dynamics that change.

Yeah. So I think that the high level... heuristic that can be very helpful here is the price to rent ratio in your zip code. So last year, it was a pretty big headline that I want to say in 70% of US cities, maybe more than 70% of the US, it was net cheaper to rent your home than to own it. Now, these are dynamics that change.

Yeah. So I think that the high level... heuristic that can be very helpful here is the price to rent ratio in your zip code. So last year, it was a pretty big headline that I want to say in 70% of US cities, maybe more than 70% of the US, it was net cheaper to rent your home than to own it. Now, these are dynamics that change.

The buyer's market and the rental market are not, they're generally both trending up, but they're not moving in perfect correlation with one another. So in some periods of history, it's cheaper to own. In some periods, it's cheaper to rent. Right now, generally speaking, it's gonna be cheaper to rent. And so things that you can look for when you are making this decision for yourself is,

The buyer's market and the rental market are not, they're generally both trending up, but they're not moving in perfect correlation with one another. So in some periods of history, it's cheaper to own. In some periods, it's cheaper to rent. Right now, generally speaking, it's gonna be cheaper to rent. And so things that you can look for when you are making this decision for yourself is,

The buyer's market and the rental market are not, they're generally both trending up, but they're not moving in perfect correlation with one another. So in some periods of history, it's cheaper to own. In some periods, it's cheaper to rent. Right now, generally speaking, it's gonna be cheaper to rent. And so things that you can look for when you are making this decision for yourself is,