Ben Felix, after renting a home for 15 years, have decided to buy a home in the very expensive place in Canada.
As a portfolio manager at PWL Capital, which recommends among other things Dimensional funds to their clients, he probably understands building wealth through means other than property than a lot of other people.
In this YouTube Video, he lists out the consideration between Renting versus Owning a home:
If you have listened in to their other episodes, you would know that Ben brings a fair bit of research to the topic and this one is no different.
If renting versus buying is a topic that intrigues you, these are some of the considerations they laid out.
Before going into the episode, do be aware that in other countries, owning a home means owning a home with a lot of physicality. This means roofs, gardens and this can be quite different from our idea of property ownership since we live in mostly private condos or HDB apartments....