Renting vs Buying A Home in 2021. What Makes More Sense Right Now!
Channel: Darren Voros
Date: 2021-02-24

Have you heard this expression? "Renting is throwing away money!" Where did that come from and is it actually true?
Are you considering buying a property this year as your primary residence but you're not sue if it makes sense?

Canadian real estate investor Darren Voros breaks down the pros and cons of renting versus buying a home in 2021. It's not as simple as renting is cheaper or buying a home is a better investment, there are many other factors to consider. Do you want flexibility with your living situation, do you have a pet, and do you want to your year over year expenses to stay somewhat fixed? If that's the case, renting might be a better option. Do you like to make a space "your own", do you want a forced savings plan and are you confident that the real estate market will outperform your other investments. If that's the case, owning might be a better option. There are many things to consider when making this decision. Darren also breaks down the numbers on both renting and buying and shows you the difference between the two.

****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money. 

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Darren Voros

Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.