RENT vs BUY a Home SECRET Shortcut: The Sunk Cost Rule

Deciding whether to rent vs buy a home can be a tough decision. There is a way to make the decision quick ...in under 10 seconds! Using the SUNK COST RULE, we compare the unrecoverable or sunk costs of renting to buying a home. The answer becomes quickly clear whether you should rent or buy based on which option has the lower sunk costs.

The total cost of owning vs renting your home can be determined in under 10 seconds with the sunk cost rule (5% rule). To decide on whether it's best to rent or buy your home, we will look at the analysis from both quantitative and qualitative perspectives to obtain a comprehensive review of whether it's better to rent or buy.

This content does apply broadly but has been intended for a Canadian audience - with an example of renting or buying in Toronto and Vancouver used to illustrate how easy the rule is to apply.

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Other videos on the topic of renting vs buying that I like:
Why Buying a House is a Bad Idea:


Renting vs. Buying a Home: The 5% Rule


Which is Cheaper: BUYING or RENTING a house? (DEBUNKED)

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