Renting isn't a waste, but long-term ownership could save you millions—here’s how to tell when it’s time to make the shift.
In this episode, David Sidoni continues with Part 2 of his interview with Dan and Brady Mullen, authors of Real Decisions, to break down the real financial impact of renting versus owning. You’ll learn how to zoom out beyond monthly costs, understand the long-term wealth gap, and see why the first year of ownership might feel hard—but pays off big over time. The Mullens bring data, compassion, and clear examples to help first-time buyers shift their mindset and see the math behind the move.
Quote: “If you're telling me it's too expensive to own because it’ll cost $1.5 million over 35 years, you’ve got to answer what rent costs on the other side of that equation.” — Brady Mullen
Highlights:
- How to tell when renting is still a smart move
- Why the first year of homeownership feels like a loss—and what happens after
- What the Mullen brothers’ graphs reveal about real cost differences over time
- Why interest rate fears are overblown in 2025
- How to shift from emotional fear to fact-based planning
Referenced Episodes / Resources:
- Book: Real Decisions: The Financial Impact of Renting and Owning by Dan and Brady Mullen
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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