RENTING VS BUYING A HOME | WHICH IS BETTER | Real Estate 101 Philippines | What you need to know



If you’re planning to move out, you might be wondering, should I buy or rent? Today, we’re gonna discuss the pros and cons of each.

Dealing with personal finances, especially since it’s not taught in school can be quite hard and confusing. I hope this video and this channel will help you out in the challenges we are facing right now with personal finance, entrepreneurship and adulting in general.

►Outline :
0:00 – Intro
0:16 – Start of Video
1:08 – Outline
1:46 – Pros & Cons
4:07 – Unrecoverable Cost
5:10 – The 6% Rule
7:46 – Sample computations
7:54 – Price-to-Rent Ratio
9:00 – 6% Rule
9:42 – How Much can you afford?
9:48 – How Much can you afford: 28%
10:09 – How Much can you afford: 3X
10:27 – How Much can you afford: 30%
10:43 – Who should Buy
11:24 – Who should Rent
12:03 – Final thoughts

►Sources/Links
► CITI CREDIT CARD APPLICATION — https://bit.ly/ApplyCitiCC
► Fave Agent/Brokers:
► Carla Camposano (Avida/Ayala)
09774709345 (Globe)
09610957854 (Smart)
► May Leuterio (Cebu Landmasters)
09178886298
[email protected]
► RA 13-99 – https://www.bir.gov.ph/images/bir_files/old_files/pdf/rr99_13.pdf
► 5% Rule – https://themakingofamillionaire.com/the-5-rule-revisited-a09a2a0df839
► https://filipinohomes.com/blog/find-how-much-property-you-can-afford/

► Previous Videos :
REAL ESTATE 101: Home Loans? ► https://youtu.be/YF8UD18T3Rs
PASALO CONDO BUYING EXPERIENCE ► https://youtu.be/VvnPSVuWPzE
CONDO VS HOUSE & LOT ► https://youtu.be/jBwV7_Udpu0
CREDIT CARD 101 : What you need to know ► https://youtu.be/gYtCLmcy65U
INVEST IN US STOCKS (GOTRADE) ► https://youtu.be/QYDcM7kyMoc

►Download these apps (Referral Links)
► ShopBack – Get P100!: https://app.shopback.com/phl?raf=pkpsnX
► PAYMAYA – Get p50: https://p85qk.app.goo.gl/4M9Y // code : 42625QML56P0
► GCASH – Get p70 worth: https://gcsh.app/r/oNETIx5
► CITI CREDIT CARD APPLICATION ► https://bit.ly/ApplyCitiCC
► FREE Stocks Ed Course- https://stocksed.com/
DISCOUNT CODE for PAID courses: ready2adultph (P300 off)
► GoTrade -https://heygo.trade/app-download
GoTrade invite token: *615794*

►Ready2Adult Ph
Instagram: https://www.instagram.com/ready2adultph
Instagram: https://www.instagram.com/deleoncharmaine
Facebook Page: https://www.facebook.com/ready2adultph
Facebook Group : https://www.facebook.com/groups/ready2adultph
Email: [email protected]
Subscribe : https://www.youtube.com/ready2adultph?sub_confirmation=1

► Music Credit: DJ Quads
Track Name: “IT’S NEAR”
Music by: Dj Quads @ https://soundcloud.com/aka-dj-quads
Official YouTube Channel HERE: https://www.youtube.com/channel/UCusFqutyfTWRqGhC8kHA5uw

Disclaimer:
This video and description contains affiliate links where I may or may not receive a commission. This helps support the channel and allows me to continue to make videos such as this. I am not a financial advisor. Always do your due diligence.

KEYWORDS:
Is it better to buy or rent, Real estate investing, buying or renting, buying vs renting, buy vs rent Philippines, is renting bad, condominium ph, house and lot ph, should i buy a house or a condo, buying a house or a condo, buy a house or condo, buying a house or condo, buy or rent house or condo, buying a condo, buying a house, renting a condo ph, renting a house ph, what to consider when buying a house ph, condo buying tips, condo or house and lot, condo or house first time buyer, Adulting 101, How to Adult Ph, ready2adult ph, Charm de Leon

source

What Do You Think?

Search, Connect & Communicate!
Join us now, it's free!

Comments

No comments yet