[A019] Rent-a-Home: Kill the Homebuying Debate

Can you rent forever and still be an adult? We think so. Here’s why we love renting.

Should you buy or rent? You’ve heard about the importance of homebuying as a life and money milestone. But do you really need to buy a home to be an adult?

We wade into the homebuying debate — on the side of renting. Miranda has actually owned a home, and never wants to again. Harlan has never bought, and he’s not sure he wants to deal with a mortgage and all the expenses that go into owning a house.

Miranda and Harlan tackle the homebuying debate and look at why it seems like such a big deal, and talk about how you can rent forever and STILL be an adult.

Concepts

  • There seems to be a lot of handwringing over millennials and their low rates of homeownership. Why are millennials reluctant to take the plunge?
  • Why does society place such an emphasis on homebuying?
  • What are the main points of the homebuying debate?
  • Tips for deciding whether it makes more sense for you to buy or rent.
  • Reasons that renting can be a good lifestyle choice.
  • The difference between buying property as an investment and buying a primary residence.

Where do you stand in the homebuying debate? So you think buying is preferable to renting? Or do you think it makes more sense to be an eternal renter once you move out of your parents’ house?

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Resources

The AtlanticWhy millennials avoid buying homes
The New York TimesBuy vs. Rent calculator
AnnualCreditReport.comCheck your credit report

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[A019] Rent-a-Home: Kill the Homebuying Debate was last modified: March 3rd, 2017 by Harlan and Miranda

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