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Podcast: Financial Residency
Episode: Financial Vitals: Throw Out The Rent Vs Buy Rules Of Thumb
Description: Are you buying or renting? What are the perks of being a homeowner? Think through and focus on both financial and non-financial reasons. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about the rules of thumb when deciding whether to buy or rent a home. Topics Discussed: • Why buy? Live in it 3-5 years to break even and recoup upfront transaction costs • Why rent? The best option if you plan to live there only a couple of months or years • Numbers: Mortgage closing, realtor commissions, improv...