Renting vs Buying a Home: How to Decide

Meet with PWL Capital: Making the housing decision requires careful consideration of both the financial and non-financial impacts, and the way that they interact with each other. There is no universally right way to approach housing. In many cases, contrary to conventional wisdom and societal pressure, renting is a better option than owning, both financially and from the perspective of subjective well-being. Referenced in this video: Extrinsic Value Orientation and Affective Forecasting: Overestimating the Rewards, Underestimating the Costs Does the Dream of Home Ownership Rest Upon Biased Beliefs? A Test Based on Predicted and Realized Life Satisfaction The American Dream or the American Delusion? The Private and External Benefits of Homeownership for Women Homeownership and Happiness: Evidence for Switzerland The relationship between homeownership and life satisfaction in Germany Is a Fixer-Upper Actually a Downer? If Money Doesn't Make You Happy Then You Probably Aren't Spending It Right The relative relativity of material and experiential purchases The McMansion Effect: Top House Size and Positional Externalities in U.S. Suburbs Book: Happy Money Shelter in the Canadian CPI: An overview Theory of Homes and Jobs ------------------ Follow Ben Felix on - Twitter: - LinkedIn: Visit Rational Reminder: :// Follow the Rational Reminder on: - Twitter: Visit PWL Capital: Follow PWL Capital on: - Twitter: - Facebook: - LinkedIn: You can find the Rational Reminder podcast on Google Podcasts: Apple Podcasts: Spotify Podcasts: ------------------