Renting vs. Buying a Home: What People Get Wrong скачать в хорошем качестве

Renting vs. Buying a Home: What People Get Wrong

People tend to assume that homes are great investments - they’re not, that mortgages are a wealth building hack - they help, but as much as some people think, that paying off a mortgage lowers your housing costs - it actually raises them, and that owning a home makes people happy - it might, but don’t count on it. ------------------ Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/co... Avoid Online Scams: https://pwlcapital.com/stay-safe-online/ PWL Rent vs. Buy Calculator https://research-tools.pwlcapital.com... Sample Case from the Video https://research-tools.pwlcapital.com... Maintenance Costs -Mayer, in a response to Smith and Smith (2006), suggests a range of 2–3% for maintenance and capital expenditure. https://www.brookings.edu/wp-content/... -Harding, Rosenthal, and Sirmans (2007) find that U.S. housing depreciates at roughly 2.5% per year gross of maintenance spending, and 2% per year net. https://doi.org/10.1016/j.jue.2006.07... -Bokhari and Geltner (2016) find an overall average net of maintenance depreciation rate of 1.5% per year net of maintenance. https://doi.org/10.1111/1540-6229.12156 -In National Accounts data, Statistics Canada reports average maintenance and repair costs over our sample period of 0.82% as a proportion of net residential housing stock, and renovation spending of 2.48%. -For calculating the Consumer Price Index, Statistics Canada uses 1.5% of the building value for homeowners' replacement cost (depreciation). Homeowners' replacement cost comprises 24.85% of the owned accommodation item in the CPI, while homeowners' maintenance and repairs comprise 9.97%, or 0.60% of the building value. Together, this suggests depreciation and maintenance costs of 2.1% of the building value. The Psychology of Home Ownership Video:    • The Psychology of Home Ownership   References: https://zbib.org/dfc892f743e14459bea6... ------------------ Follow Ben Felix on Twitter:   / benjaminwfelix   Visit Rational Reminder: https://rationalreminder.ca/ Join the Rational Reminder Community: https://community.rationalreminder.ca/ Follow the Rational Reminder on: Twitter:   / rationalremind   Instagram:   / rationalreminder   Visit PWL Capital: https://www.pwlcapital.com/ Follow PWL Capital on: Twitter:   / pwlcapital   Facebook:   / pwlcapital   LinkedIn:   / pwl-capital   You can find the Rational Reminder podcast on Google Podcasts: https://www.google.com/podcasts?feed=... Apple Podcasts: https://itunes.apple.com/ca/podcast/t... Spotify Podcasts: https://open.spotify.com/show/6RHWTH9... ------------------