🤔 Should You Rent or Buy a House? #shorts

Summary

This video discusses whether renting or buying a home is better, based on how long the person plans to stay in that location. It recommends buying if staying long-term to build equity and avoid rising rents. However, it suggests renting if staying short-term, as closing costs can eat into profits from selling too soon. Also, the video mentions that the closing costs usually end up being about 8% of the final sales price and include realtor fees, title/escrow fees, and transfer taxes.