Khan Academy Videos on Renting vs Buying a Home
Adam Rifkin stashed this in Personal Finance
I'm sure many of you already understand that the decision to rent or buy your housing is not always black and white. However, I keep seeing a ton of posts about people wanting to buy because "renting is throwing away money." PF usually does a good job of correcting this misunderstanding, but I thought I'd share another tool I found on the subject.
Khan academy has a fantastic set of videos that covers the differences in renting vs. buying, using a lot of simple math. Videos can be found here https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying. If you are someone trying to decide between renting or buying, I highly recommend you spent a half hour to 45 minutes watching the series.
I'm sure this has been posted before, so I apologize for the repost! I just think it's a helpful reminder to many who may not have seen it and still think that "buying is always better".
Edit: Just to clarify, the videos are not advocating that buying is a bad decision. Sal (the narrator) ends up buying a home himself because it is right for him. The point of the videos is the analysis which helps you better understand the decision.