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Renting Better Than Buying According To Khan Academy


Slick Vik

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No need to watch the entire video when his premise is wrong in the first two minutes.

"Living in them is two identical experiences" - WRONG. I can do whatever I want to w/ my house. Not so w/ a rental.

"3k to rent or 1Mill to buy same property": WRONG. $3k will not let you rent a $1 Million property. Try ~$6k+ per month

"4% cd": WRONG. Try 0.78% right now

 

Especially in Houston, buying > renting most of the time. My mortgage for a 4/2 in the loop costs me less than renting even a 2/2 of similar quality/location. Plus, as rents continue to rise in the loop, my mortgage will remain the same.

 

It blows my mind that someone would be willing to pay $1900 a month for a 1bedroom "luxury apt" when my 4/2 near West U costs me less than that.

 

 

Edited by brian0123
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