https://padlet.com/brock_tanner/Renting_buying This page will explore the choice everyone has to make, to rent or buy their home? There will be posts showing benefits to both options, but also the downside of each option. By the end the reader will have enough information to make an informed decision on what they wish to do, when the time comes. en-us 2018-11-26 17:42:39 UTC 2025-11-10 16:13:42 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/307925673 This image shows that there are benefits whether a person wants to rent or buy. All people have to do is match their current situation and needs with the upside of one of the otption. Although minimal, this image does provide a strong starting insight into the topic.]]> 2018-11-26 17:54:48 UTC https://padlet.com/brock_tanner/Renting_buying/wish/307925673 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/307932957 This video walks through the process of determining if renting a home over the course of certain number of years is wasting money. As shown in the video, there are less upfront fee when you rent a home, but that also means that there is no additional assets gained. Renting can work if you are smart about how you invest the remaining portion of your net worth, however on the flip side, owning a home provides stability and financial comfort. By the end there are a number of uncontrollable variables with which can make neither option look appealing, and therefore the personal choice all depends on how someone sees themselves in the future.]]> 2018-11-26 18:07:49 UTC https://padlet.com/brock_tanner/Renting_buying/wish/307932957 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/308083838 This website analyzes the cost between renting a house in Vancouver versus buying the same house. Much like the first video posted it compares the two methods over a period of time, and analyzes how the owners net worth would change over that time. This again brings the individuals current financial state and other aspects into play. In this particular case, the Vancouver area sees different return value on town houses and detached homes against condos. This different in values also results in a different net worth between renters and buyers.]]> 2018-11-27 01:15:50 UTC https://padlet.com/brock_tanner/Renting_buying/wish/308083838 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/308766333 This image shows that in the past the cost of renting vs buying a home was similar, but that is not the case now. As visible, renting cost has increased from years past; whereas the cost of buying has actually decreased. This again may not account for certain variables of cost, but does show that is may be better to pay a mortgage that is your!]]> 2018-11-28 13:52:51 UTC https://padlet.com/brock_tanner/Renting_buying/wish/308766333 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/308769433 This image provides the 8 points for renting or buying a house. There are 4 pro points and 4 con points, with each option having to be weighed differently. This would be a good image to show younger people who are just beginning their independent life, as they can weigh these option and decide what is the most appropriate path for them to take in the immediate future.]]> 2018-11-28 13:58:12 UTC https://padlet.com/brock_tanner/Renting_buying/wish/308769433 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/308774124 Most people want to purchase their own house for the independence that it allows. This independence that people feel gives them freedom to decorate and change the house and property as they desire; whereas with renting you are restrained by what the landlord allows. There is also the concept of paying rent vs paying mortgage. Although mortgage is very much similar to rent, that house becomes yours when the mortgage is completely paid off, and you then have full ownership of the house. When you rent however, there is no “ligh at the end of the tunnel”, since you can never actually own that house you just continue to pay rent. There are downsides to owning a house, but when properly managed along side your money and other finances, owning a house can provide security and safety of a major asset.]]> 2018-11-28 14:05:59 UTC https://padlet.com/brock_tanner/Renting_buying/wish/308774124 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/310682991 This video talks about how young people should consider saving their money while going through school and the short time after graduating. There is talk about the housing market going through hills and valleys, and compares how the public reacts when the market changes. There is also the advise of how a persons circumstance play a major contributor in the decision making process. 

Personally I found this video informational and a great watch, since the entire video relates to a college student figuring out how to live on their own after school.]]> 2018-12-03 22:37:06 UTC https://padlet.com/brock_tanner/Renting_buying/wish/310682991 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/310686067 This article describes the housing market in Calgary, and examines why young adults are choosing to rent a house over buying. It shows that young adults have become more independent and also more financially aware from previous generations. With online calculators to help a person view the math behind this decision, even the older generations can see that financially renting is sometimes the better option. 

This article provides great insight into the financial factors that affect a persons decision to buy or rent a house. There are also links within the article that lead to the online tools used to help demonstrate these financial factors.]]> 2018-12-03 22:48:58 UTC https://padlet.com/brock_tanner/Renting_buying/wish/310686067 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/310691958 The article explains that with rising housing prices, more people are depending on renting their desired place to live. However, it later explains that as the renting market becomes flooded with more prospective renters, there will be a rise in renting costs. With this rise there should be no surprise if we start to see young adults live with their parents longer to save, before buying their own home. This contradicts the start of the article, but does raise a valid point that if more people are focused on renting, the market for renting will only increase and thus increase the cost. Overall, it seems that there is a going to be a rough patch for young adults that desire to own their own home, but cannot rent in a desired location based on the costs rising.

]]> 2018-12-03 23:22:13 UTC https://padlet.com/brock_tanner/Renting_buying/wish/310691958 brock_tanner https://padlet.com/brock_tanner/Renting_buying/wish/310700130 2018-12-04 00:13:06 UTC https://padlet.com/brock_tanner/Renting_buying/wish/310700130