From the course: Economics for Everyone: Housing Markets in Crisis
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Renting vs. buying
From the course: Economics for Everyone: Housing Markets in Crisis
Renting vs. buying
- One of the most important financial decisions people make is whether they want to rent a home or they want to buy a home. This has a lot to do with people's preferences and what their lifestyle is like. For me, I moved over two dozen times between when I graduated high school and when I was 35. If I had bought a home every time I moved and then had to sell it when I moved again, it would have been crazy. It wouldn't have made sense. And so, for many people who move around, buying homes may not make sense either. Looking forward, as we see a trend of remote work or working anywhere continues, we're likely to see some people continue to prefer renting over buying, but there are big advantages to buying homes. After all, you get an interest deduction on your interest payment, and sometimes buying a home and that monthly payment can be very close to what a rental payment would be. Still, there's a lot more risk in buying…
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Contents
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The importance of housing3m 2s
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Ingredients of a housing crisis2m 20s
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Housing in a recession4m 35s
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Housing during the COVID recession2m 51s
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Your best strategy1m 41s
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Planning ahead1m 7s
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Options in a housing crisis3m 43s
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Last resorts1m 22s
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Great Recession and the housing crisis1m 18s
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Thinking about buying1m 45s
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Ignoring your home price1m 57s
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Renting vs. buying2m 1s
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Crisis watch1m 32s
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Regional dynamics2m 31s
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More resources1m 24s
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