Renting vs. Buying a Home: What People Get Wrong

Ben Felix, a Canadian portfolio manager that does personal finance videos and podcast, has been arguing for years that rent versus buy is often a wash financially, and that you should make the decision for non-financial resasons. * recent 2026 video: link * 2025a: ▶ this video * 2025b: link * 2021: link * 2019: link The 2019 video goes over a handy "5% rule of thumb": start with the purchase price of home, take 5% of that: if your rent is less than that, better numbers-wise to continue renting (and investing the difference); if your rent is more, probably better numbers-wise to buy/own. The company he works for created a tool to examine the numbers: * link

You’re right, the math is slightly more complicated than rent v. mortgage payment. Ben Felix, a popular financial YouTuber, made many a video about the math: ▶ this video link

Sure, but that's demonstrably more to do with the actual financial position than the ownership status. If you own the house and no longer pay a mortgage then you're ipso facto wealthier — although you presumably do still pay property tax. During the period of the mortgage, while rent wouldn't necessarily be cheap, it would be cheaper than the TCO of the house. The overall financial consideration is complex and pro-ownership dogma is just dogma: see e.g. ▶ this video . More importantly in my opinion, though (and especially for single childless people), rental housing is available in smaller and finer-grained quantities.

C. it's the only one that has you in the arena. There's no guaranteed outcome, but money itself is a team-sport. I'm a simple man myself, so I'm answering in order to verify my own reasoning. A. will have negative returns from inflation. D. defends against inflation but is too conservative. B. There's arguably negative value in holding more equity in terms of opportunity cost since you already have > 200% position in equity. source: I believe this guy ▶ this video