Rent or Own? Taking a Break from Homeownership for Financial Freedom
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Rent or Own? Taking a Break from Homeownership for Financial Freedom
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About this listen
In this episode of Rent or Own?, Jake Carson and Lily Morgan discuss a strategic dilemma faced by a listener who’s considering taking a planned break from homeownership. With $200K in home equity and plans to move to a low-cost living area, our guest is weighing the pros and cons of selling their older home, renting a newer property, and investing the proceeds for the next five years. We explore the benefits of avoiding home maintenance costs, the potential for higher ROI through traditional investments, and the impact on family life and financial freedom. If you’re debating whether to rent or buy in a new chapter of life, join us to explore the risks, rewards, and emotional aspects of this financial decision!
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