Ep. 218 - Renting VS. Buying: What Should You Do?

Is Your $2,000 Monthly Rent Actually Costing You $400,000 in Net Worth?

In episode 218 we explain why the average homebuyer age has jumped from 33 to 38 years old. Through data and market analysis, Quinton challenges the popular narrative that renting is the more economical choice, presenting statistics about the wealth gap between homeowners and renters.

Quinton breaks down the connection between birth rates and future housing demand, revealing how an incoming wave of over 11 million potential homebuyers in the next three years could impact the market. He presents a case for why home prices are unlikely to decrease, backed by comprehensive data about inventory shortages and demographic trends that are reshaping the real estate landscape.

[00:00] - Introduction and Thanksgiving Message
[01:51] - Homeowner vs. Renter Statistics
[04:56] - Birth Rate Analysis and Future Buyer Demand
[07:13] - Impact of Interest Rates on Home Prices
[10:25] - Why Home Prices Continue to Rise

Key Quotes:

"Your first time you buy a home, it's not going to be your dream home." - Quinton Harris

"Every year you wait, an additional three to four million people become your competitors." - Quinton Harris
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