Video description from @notgpodcast
Join us in this episode of "NOTG (Nuggets On The Go)" by PropertyLimBrothers where we delve into the financial dynamics of owning versus renting landed property. We'll explore scenarios where financing costs, driven by high interest rates, can exceed the expenses of renting similar properties. This discussion will cover both the short-term benefits and long-term considerations of such financial decisions, focusing on how things might evolve over 20-30 years. Additionally, we’ll discuss the dual vehicles of property appreciation—rental income and capital gains—and how these can influence your decision to buy or rent, especially in fluctuating economic conditions.
