Home Calculator: Should You Rent or Buy? | Michael Acosta

With 9 years in the finance industry, Michael Acosta returns to the show with some insights on homeownership. Michael is driven to work for his clients with the guidance of his tag line “Prepare, Perform, Prosper”. Questions discussed in this episode include: Should you pursue homeownership? Is a home a good investment? And is renting bad? All that, and more on this episode of Catholic Money Mastermind.

Key Takeaways:

• What makes renting is a good decision.
• When it can be worth it to buy instead of rent.
• What makes your home an investment?
• Why you may not want to look at your home as an investment.
• What variables to consider when deciding whether to rent or buy.
• How much should you be spending on your home?

Mentions:

👉🏼 Michael Acosta: https://wealthtender.com/financial-advisors/michael-acosta-cfp-chfc/ 

📚 Resource Name: https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html 

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Catholic Money Mastermind Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.