The Wealthy Barber/Home, Sweet Home
Introduction | The Financial Illiterate | A Surprising Referral | The Wealthy Barber | The Ten-Percent Solution | Wills, Life Insurance, and Responsibility | Our RSP | Home, Sweet Home | Saving Savvy | Insights into Investment and Income Tax | Graduation
Roy talks about the different types of mortgages, buying, selling and renting.
He also covers the importance of real estate, capital gains, leveragibility and interest rates. Roy states that home ownership is the ultimate forced-saving program, because a renter has to discipline himself or herself to save some of the difference in cost between renting and owning.
Renting is one way to acquire a place to live and, also a cost effective and intelligent way of doing it.