Ep. 162 - NY Times Claims You Can Save $133K by Renting a House

A recent New York Times article claims that renting a house could save you $133,000 compared to buying. In this episode, Quinton debunks the article's flawed assumptions using real-world data, proving that homeownership remains the better long-term financial decision. He also explores the current economic landscape, including rising credit card debt, delinquency rates, and the "Buy Now, Pay Later" trend, while discussing the potential for the Federal Reserve to cut interest rates in response to mounting unemployment concerns and persistent inflation. 

[00:00 - 01:31] - Introduction

[01:32 - 03:49] - Credit card debt at highest levels

[03:50 - 05:06] - 43% delinquency rate on Affirm

[05:07 - 06:06] - Federal Reserve's concerns

[06:07 - 07:00] - Consumer Confidence survey

[07:01 - 08:00] - Media pushing renting over buying

[08:01 - 11:54] - rent vs. buy calculator assumptions

[11:55 - 12:59] - Adjusting assumptions proves homeownership is better long-term

[13:00 - 14:38] - Closing segment

Credit: MBS Highway 

Resources:
Episode 159: https://youtu.be/aG8ZItpRpW8

Key Quote:

“We're seeing credit card debt at the highest it's been” - Quinton Harris

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