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In this episode John shares his personal journey and insights on the debate between renting and buying a home. Drawing from his own experiences in real estate before and after the recession, including purchasing a large house in Schaumburg, IL, a condo near Cabrini-Green, and a luxury unit in the Trump Tower in Chicago, he challenges the conventional wisdom that buying is always better than renting. John highlights the financial burdens and market risks associated with home ownership, especially in unpredictable markets, and suggests that renting can sometimes offer more freedom and actually make more sense financially.
This is a call to DO THE MATH and reconsider those preconceived notions about real estate investment and personal net worth.
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Produced by Social Chameleon:
00:00 Reflecting on Season 2
02:32 Navigating the Real Estate Market: Renting vs Buying
08:35 Trump Tower Experience
16:41 Hidden Costs of Homeownership
19:38 Closing Thoughts: The Freedom of Renting