Mar 4th, 2019 | Money Podcast

MONEY REGRETS Did you know that 63% of millennials regret buying their first homes? SIXTY-THREE PERCENT! Why? And what this mean to you? Can you really own a home for less than the cost of renting? Tom spells it out here chapter and verse!

Click here for the article to which Tom refers in this episode.

Got a money question for a future episode? Send it directly to Tom at



Submitted by TallTim on

Zerohedge has a lot of crazy articles, but if you know how to discern the "doom" ones from the factual, they can be quite illuminating.

Like this one --

Refers to Tom's cited story, but adds that Student Debt is one of the major reasons why younger people can't take on new debt from owning a home. But owning is a big step, and like Tom says, more expensive than people first think.

Submitted by nihal on

I think it is stupid for people to move out of their parents if they cannot afford housing. I personally do think that paying rent is just throwing money away, because you are never owning the property, but I agree that it is far cheaper than owning a home. I do want to own a home eventually but it is not because it is cheaper, it is because I own it and that yes it will be cheaper in the long run that to perpetually pay rent IF the house doesn't have a lot of issues. However, I agree completely that it can be expensive to maintain it, and most people don't seem to get that. For now, I am living with my parents and don't care what other people say about it. I wish that more people do that, they will be saving tons of money.