Renting Vs Buying a Home $2,000 Rent vs $350,000 House (The Real Math)

Marcus buys a $350,000 house. Daniel rents for $2,000 a month. Same $80,000 salary, same $80,000 savings, and 20 years to find out who ends up richer. 🏠💰 The real math behind renting vs buying a home: mortgage, taxes, insurance, maintenance, rent increases, and what happens when the renter actually invests the difference. The answer changes depending on one number most videos ignore. Watch to the end to see it. ⏱️ CHAPTERS 0:00 Same salary, same savings, two paths 0:50 The $350,000 house: down payment and closing costs 1:50 Owning costs $2,653 a month vs renting at $2,000 2:30 Is rent really “dead money”? 3:20 Year 3: who’s ahead? 4:40 How rent and ownership costs change 6:10 Year 10 check-in 7:10 Year 20: the final numbers 8:10 The number that decides everything (7% vs 10% returns) 9:00 The catch for the renter 9:50 The 4 weak spots of buying 11:10 So which one wins? 12:20 The two questions to ask yourself 📊 ASSUMPTIONS USED • Home price: $350,000 with 20% down ($70,000) and $10,000 closing costs • 30-year fixed mortgage at 7% (about $1,863/month principal and interest) • Property tax, insurance, and maintenance: about $790/month, rising over time • Rent: $2,000/month, rising 3% a year • Home appreciation: 3% to 4% a year • Renter invests the $80,000 plus the monthly difference, at 10% and also 7% annual returns • Taxes on investment gains and mortgage-interest deductions are not included ⚠️ This video is for education only and is not financial advice. Real results depend on your city, rates, taxes, and how long you stay. Talk to a licensed professional before making a big decision. 👍 If this helped, subscribe for more videos that break down the math behind everyday money decisions. 💬 Tell me in the comments: are you buying, renting, or waiting for rates and prices to both drop? #rentvsbuy #homebuying #personalfinance