lystn

Welcome back to another episode of the sensible money show everybody! The focus of this week's show is the age-old question of housing; whether to buy or to rent! After our preliminary remarks, book review, and new TV recommendation, we get down to brass task on how to compare costs, and the array of costs, monetary and otherwise, of where you live.

Key Points From This Episode:

• This week's highly recommended book, Noise. [0:05:37.3]
• Unpacking the new article by Larry Swedroe titled 'The Misguided Faith in the Fiduciary Standard' [0:11:50.7]
• A few thoughts on FIRE, positive psychology, and moral judgments. [0:16:49.2]
• The big decision that so many of us are faced with: buy or rent? [0:20:41.7]
• Flawed logic around mortgage payments and rental costs. [0:25:55.5]
• Opportunity and maintenance costs and the truth about depreciation. [0:29:51.7]
• Equating the total costs of renting and owning and making a judgment based on this. [0:36:53.8]
• The ratio of prices to rent in Canada currently and in the last few decades. [0:39:47.9]
• Risk and homeownership; why renting is less risky in many ways. [0:40:50.8]
• Keeping the focus on living a good life when making real estate decisions. [0:45:15.7]
• The surprising relationship between owning a property and a sense of control. [0:49:16.8]
• Weighing all the factors and making an informed decision based on wellbeing. [0:55:30.4]
• This week's Talking Sense segment dealing saving, speed of decision-making. [0:56:08.8]
• Bad advice of the week: Fidelity's investment initiative aimed at teenagers. [1:00:34.4]