Our $605,000 Home Is Sinking 😳 Our Two Cents On Renting Vs. Owning As Home Owners | Two Cents Podcast
Description
In this highly anticipated episode, we dive into our $605,000 home-buying journey. 🏡
You won't want to miss this if you're considering a home purchase or simply curious!
We break down why we decided it was the right time to buy and all the financial details, including how much we really spent using the VA Home Loan and why we're paying $300K more than our home value.
We'll also share what we learned from putting $30K into the property, our regrets, and yes—even the part where we discovered our house is sinking. We wrap up with some tips and recommendations to help you save on interest and pay off your home faster.
Thank you so much for tuning in! If you liked this episode, we’d appreciate it if you gave us a follow and a review! Thanks, H & J 💚
And thanks to our newest sponsor, Public! Learn more at Public.com/STS
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Edited by Amanda Deisler
Graphics by Nhu Nguyen
Episode breakdown:
0:00 Intro
1:02 PUBLIC 🥳
2:19 We bought a home!
2:30 Why did we decide to buy a home?
6:14 Our turning point
9:03 Hannah's issue with flipping homes
9:59 Searching for the perfect home
15:28 Breaking down the finances of a $605,000 house purchase
16:20 What makes the VA Home Loan different?
20:05 Why we're paying $300K more than the value of the home?
21:47 How we spent $30K on the home
23:40 Do we regret buying our house?
24:32 Our house is sinking
26:55 What we recommend if you're looking to buy a home
30:22 The pros of renting
32:35 The cons of renting
35:02 The pros of owning
37:47 The cons of owning
43:23 Final recommendations
43:45 How to pay less interest and pay your home off faster
49:40 Red flags to look out for
55:55 Don't forget about these resources!
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