Is Renting Actually Better Than Buying a Home with Katie Gatti Tassin

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 15 May 2024

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

#172: Today we go deep on the dilemma of renting vs. buying a home. Joined by Katie Gatti Tassin, we'll discuss current market dynamics, debunk misconceptions about homeownership, and provide insights to help you navigate this significant life decision. We'll also share personal finance strategies and insider tricks to help you secure the best deal. Katie Gatti Tassin is the creator of the Money with Katie podcast blog, and newsletter. Link to Full Show Notes: https://allthehacks.com/katie-gatti-tassin-rent-vs-buy Partner Deals Notion: Try Notion AI free to automate tedious tasks and streamline your work Daffy: Free $25 to give to the charity of your choice Indochino: 10% off my favorite bespoke suits and shirts (with code ALLTHEHACKS) Copilot: Free 2 months access to my favorite personal finance app with code HACKS2 DeleteMe: 20% off removing your personal info from the web For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Katie Gatti Tassin: Podcast | Website | Newsletter | Instagram Episode with Kathryn Valentine: It’s Officially Negotiation Season—This is What Works Fractional Home Ownership: Pacaso Property Appraisal Appeal: Ownwell Rational Reminder Podcast The Fort - An Entrepreneurship Podcast by Chris Powers All the Hacks: Leave a review: Apple Podcasts | Spotify Email for questions, hacks, deals, and feedback: [email protected] Full Show Notes (00:00) Introduction (03:04) Reality vs. Expectations of Homeownership (07:50) The Forced Savings Argument for Ownership (12:33) Factors to Consider Before Buying a House (14:34) Current Status of Rental vs. Buyer's Market (16:50) Chris' Experience with Refinancing (23:53) Why Past Generations Invested in Homes to Build Wealth (27:16) A Questionable Rule of Thumb for Buying a House (29:29) Ways to Generate Income from Your House (31:08) A Big Mistake People Make When Buying a House (33:40) How Societal Standards Pressure People to Buy Homes They Can't Afford (41:20) Why You Should Care About What Matters to the Seller (49:32) Fixed vs. Adjustable Rate Mortgage (52:13) How to Appeal Your Property Tax (54:53) Why People Rent Even If They Can Afford to Own a House (57:20) The Hidden Costs of Owning a House (1:00:32) The Emotional Reasons for Buying a Home Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: X | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to another episode of All the Hacks, a show about upgrading your life, money, and travel.
0:07.0	I'm your host, Chris Hutchins, and with so many changes in the economy right now and interest rates still high high I want to tackle a topic that
0:14.0	really hits close to home literally and figuratively and that is whether it makes
0:18.6	sense to rent or buy and even if you're not on the market for a new home right now, I really think you're going to enjoy this episode.
0:25.0	We're going to discuss how market trends, personal finance strategies and lifestyle choices all converge to influence your decision to rent or buy. We will definitely talk about how you can make that decision, but we are also going to try and challenge the conventional wisdom that owning a home is always the better financial path.
0:42.0	And all of this is even better because I am joined. is always the better financial path.
0:42.5	And all of this is even better because I am joined
0:45.2	by Katie Gaddy Tassen.
0:47.0	She's a friend, a past guest,
0:48.7	and hosts an incredible podcast
0:50.5	called Money with Katie.
0:51.9	I think you're gonna love this one. There's so much good
0:54.4	info, but also it is just a great fun conversation that happened to be recorded
0:59.2	right after we met in person for the first time. So let's jump in right after this.
1:06.3	Now is the perfect time to get your finances in shape for the year and that includes a better
1:11.3	system for making and organizing your charitable
1:13.9	donations. That's where Daffy comes in. Daffy stands for the donor advised
1:18.1	fund for you and if you've been listening to this pod for a while you know that
1:21.7	I'm a huge fan of Daffy. We use them for all
1:24.4	our giving and I love that they're a sponsor today. Daffy lets you contribute funds
1:28.8	on a one-time or recurring basis, take the tax deduction at the time of contribution, which is amazing,
1:35.6	and then distribute that money to over 1.5 million charities, schools, and faith-based
	...

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