Renting vs. Buying

image courtesy ishane
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Taught by Stephanie Genkin, CFP®, CFT-I™ CDFA®

Stephanie Genkin is an independent fee-only CERTIFIED FINANCIAL PLANNER™, Certified Financial Therapist (CFT-I™), Certified Divorce Financial Analyst® (CDFA®), and Certified Life Coach. She completed advanced matrimonial mediation training and is currently focusing on the financial transition certification (CeFT®). Stephanie earned a graduate certificate in Financial Life Planning from Golden Gate University, where she is currently an adjunct instructor.  Previously, she was a senior television news producer at CNN covering business, economics, and personal finance. Her career explaining complicated money issues began when she landed a gig at CNNfn and she's been hooked ever since.  Stephanie earned a Certificate in Financial Planning from NYU and is an adjunct instructor at NYU's School of Professional Studies, Department of Finance & Law. She is a member of the Financial Therapy Association and the National Association of Personal Financial Advisors (NAPFA)  and is frequently quoted in the media (Yahoo! Finance, USA Today, Forbes, New York Magazine, Glamour, MSN Money, AARP, and others) on personal finance issues.

 

stephaniegenkin.com

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Due to the pandemic, many people are seeking to buy a house in the leafy suburbs of New Jersey and Connecticut or purchase a place with outdoor space upstate or in Brooklyn.  Sure, interest rates are low and it would be nice to have an actual office at home since that's where you'll be working for the foreseeable future, but does it make sense for you to buy right now or would you be better off as a renter?

There is no shortage of emotional reasons to buy but whether you should from a financial standpoint depends on a number of factors.

This class will cover the pros and cons of owning vs renting as well as:

  • the real cost of ownership 
  • financial considerations before you take the plunge
  • why your credit score/credit history matters
  • the impact of market conditions 
  • opportunity costs 
  • how to build your net worth as a renter

Whether you are seriously considering buying a place or just dreaming about owning a home one day, this class will help you better understand one of the biggest financial decisions of your life.

 
 
 

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