In this video I wanted to explain why Your House Is a Wage Slave Trap that will keep you stuck in the rate race for the rest of your life. is it better to own or rent a house? Is owning a house and having payment mortgage worth it?
Everybody dreams of owning their own house, but financially speaking its not a very good investment. Let me explain.
00:00 introduction
00:43 The double standard
02:25 Owning your house is never an investment
05:18 hidden cost 1: mortgage payments
06:10 Hidden cost 2: Property Taxes
06:52 Hidden cost 3: Maintenance and Repairs
07:52 Hidden cost 4: Insurance and Utilities
08:26 Hidden cost 5: the yearly inflation effect
09:49 Hidden cost 6: Opportunity Costs
10:43 Conclusion
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Website: linktr.ee/tomscryleus
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