050 - Does Buying A House Really Save You Money Over Renting

We’ve been conditioned to believe that home ownership will save us money, give us security and make us successful in life.It's toted as one of the best investments you can make. But after running the numbers, that couldn’t be further from the truth.The gap between buying and renting is bigger than it’s ever been. And when you add up all the extra costs and consider the hidden obligations, it feels more like a trap... especially when you realize most of your mortgage payments went towards interest instead of equity. If you're someone who's thinking about taking the home buyer plunge, you need to listen to this episode. We don't want you mortgaging your future wealth. They even have a credit card that gives you cash back on rent!For a more detailed summary of this episode, click here. We value your feedback, so drop us your comments here. (no email required) Questions? Email Tim at [email protected] Want FREE weekly market updates, Tim's top 10 dividend picks, and our portfolio updates delivered right to your inbox? Subscribe to our email list. Stay connected. Follow us on social! **DISCLAIMER**Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here. Episode music was created using Loudly.