The video resonates with viewers by addressing a common and significant financial decision (rent vs. buy) with relatable personal context and clear reasoning. The creator's transparency about her financial situation and investment strategy, combined with the visual aids of her portfolio, makes the advice practical and engaging.
Summary
The creator discusses the pros and cons of renting versus buying a home in Los Angeles, considering lifestyle, financial flexibility, and investment growth. She ultimately leans towards renting for now due to the flexibility it offers compared to the financial commitment of buying.
Structure
1Introduction to rent vs. buy dilemma
2Context: Los Angeles, single, 32 years old
3Lifestyle flexibility of renting vs. mortgage costs
4Investment growth from stocks vs. down payment
5Flexibility of moving/subleasing when renting
6
Original caption
Rent vs buy. What do you think? #rentvsbuy #PersonalFinance #hcol
More from @femme_financial
More breakout videos from this creator.
Maintenance issues in rentals vs. homeownership responsibilities
7Conclusion: Renting offers more flexibility and financial growth potential currently, but a paid-off condo is a future goal.
Product placement
Zillow: it ACTS - it displays real estate listings for sale, allowing users to view property details and prices. Removing it would change the visual information presented about the condo. The video shows a screenshot of a Zillow listing.
Fidelity: it ACTS - it displays investment account balances and performance graphs, showing the growth of the creator's money. Removing it would change the visual information presented about the creator's investments. The video shows screenshots of Fidelity accounts.
Portfolio: it ACTS - it displays investment portfolio details and performance. Removing it would change the visual information presented about the creator's investments. The video shows a screenshot of a portfolio.
Call to action
So let me know what you think. Any other considerations?
On-screen text
Rent vs. Buy HCOL
Transcript
Okay, these are my thoughts on whether to rent or whether to buy. So let's get into it. I viewed a condo this past weekend. I posted it on my stories and I got a lot of people responding saying, oh, whether to rent or whether to buy. So these are my thoughts. First of all, some contacts I live in Los Angeles. I'm 32. I would be buying on my own. I don't have a partner who's at a point where they could go in on anything with me. These are the three things that really get me. First thing is lifestyle. Right now my rent is $2500 for a one bedroom. Based off of my income, this allows me the flexibility to travel eat out, shop, not really have to pay too much mind to getting these little things and I just know that a place that I'm looking at, for example, was like $700,000. That mortgage would be like $4.5 to $5,000 and that's just like mortgage, not utilities and everything. That wouldn't leave me as much free money every single month to live a little bit more care free. And that's a decision for any homeowner is like you know a lot of your money is going into your home. Um, and for me like I understand that. I just don't know if I'm at the point right now that I want to have my money going there versus all the traveling I do. I take two to three big trips per year. Two, I'm a huge investor into the stock market and my money has made me hundreds of thousands of dollars through investing into stocks, things like that. And I know that the market in LA is going to continue growing. I just don't know even if it's if it's growing at the same rate that my portfolio is. My portfolio has recently crossed $900,000 is coming up close to a million. And that amount of money continuing to be invested is really, really powerful versus taking out a huge chunk of it for a down payment and then paying this massive mortgage every month. Lastly, number three, just some pros with rental is I can move whenever I want. Like if I end up wanting to move states or live in a different country for a while, I could sublease it or I could just put everything into storage and get rid of it completely and it's not a massive deal versus trying to find somebody to take over my mortgage. I'll probably out losing some money there. Um I mean maybe not, but probably. And also things in my apartment break all the time. My dishwasher's gone out I've had cracks in the wall, my lights have gone out. I love having somebody who comes in and just takes care of everything for me. When I was torn in this last unit, the H-back system looked really old and my re-turn was like, it looks really old. It's probably fine for a few years, but those go for what 10, 15k, I don't know how much they go for. I just know like any any fixing that are going to have to get done is going to come out of pocket for me too. Those are my thoughts on rent versus buy. If I were in a different city then I probably would buy um because I really like the idea of having a place that's mine that I'm paying off. But just that the renting right now and investing the difference has made me a lot of money and gives me a lot of flexibility. Um but ultimately I do want to have a condo or something that is paid off. I don't need a house or anything. I don't think that I'm going to have kids, but I would love a condo that's paid off. So, let me know what you think, any other considerations, but those are just my thoughts.
