Is rent dead money #moneymindset #moneytips

He’s an old saying that I believe people make massive financial decisions based on. And that is rent is dead money. I see it all the time where I run the calculations but very rarely is renting the property more expensive from a cash flow point of view than owning the property because of the amount of debt people need to take on to own it. Many years ago when values were reasonable, owning the property was cheaper than renting but things have changed and people’s thought processes opinions need to change also. Why do they need to change in my view? It’s because the debt levels that people are taking on are extreme and are only leading to mortgage stress, relationship issues, and societal issues. Run the numbers before you buy and please park this outdated saying. General advice only. #financialadvice #firsthomebuyer #renting #homeownership #debtfree