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The Rent vs Buy Debate can often be fierce. However many fail to realise that we all want different things out of life, so while home ownership aligns with what I want, that doesn't mean it is right for everyone. Historically home ownership has had a financial advantage due to consistent house price growth and the access to mortgages but getting onto the housing ladder is becoming very difficult with out family help so many will have no other option but to rent. Rent vs Buy Spreadsheet: https://docs.google.com/spreadsheets/... Rent vs Buy Calculator: https://smartmoneytools.co.uk/rent-vs... 💡 I'm Jake a 2nd Year Economics Student and I try to break down some of big financial issues facing us, so we can take this knowledge into positive, actionable change to build better financial habits. So make sure you subscribe so you never miss out on an opportunity to learn something new. 👉 Check out the Blog Website: https://www.justjakesmoney.com/ 📷 Follow me on Instagram for more: / justjakesmoney 🏠 Win your Dream Home for as little as £2 with Raffle House! raffle-house.pxf.io/Ea94P4 Timestamps: Overview of the Rent vs Buy Debate 0:00 The Pros and Cons of Each 2:50 Which is Financially Better? 5:21 Mortgages are currently cheaper than Rental Payments 8:28 Why Mortgages can Lead to Better Wealth Returns 9:10 The Rule of 5 Percent 12:05 Conclusion 14:25 ❌ DISCLAIMER: Just Jake's Money is not a financial/investment advisor. I am solely sharing their personal experience and opinions; therefore, all strategies and suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing; therefore, do not act or refrain from acting based on any information conveyed in this video or webpage. For independent financial advice please seek the counsel of a suitable qualified advisor and conduct your own due diligence. Contact for Business Enquiries Only: justjakesmoney@gmail.com