ACCOUNTANT EXPLAINS Should you Rent or Buy Your Home

If you are dreaming of purchasing your first home - you may be wondering if it really makes financial sense to own a home rather than simply renting.

I ran the calculations and I was surprised to find what the best option was based on the current real estate market and interest rates.

In this video, I will go over common misconceptions that people have when buying vs. renting and why it’s flawed, I will run through the numbers on whether it makes financial sense to own vs. rent, as well as other important considerations you should know.

00:00 Intro
00:26 Common Misconceptions
02:27 Is it really better to own vs. rent? Assumptions Used
04:32 Two Scenarios
04:47 Scenario 1 Calculations
09:58 Scenario 2 Calculations
13:34 The better option?
14:00 Other important considerations

Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation.
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Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips.
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