Who's really better off, the owner or renter?
East Coast Drive wants to talk about the actual value in buying a car or a house.
Listen to the discussion, or read the details under the podcast.
Buying a car and all the maintenance, insurance, petrol, and unavoidable's that come along with that purchase, for a purchase that's actually never really yours, versus using a taxi or Uber. That is a worthwhile discussion.
Read: How do you react when you bump into your ex?
As is buying a house versus renting. If you rent, you just pay your rent and no maintenance etc. Also, if you take out a bond over 20 years, essentially you're renting from the bank.
Don't pay your bond for three months, and see what happens. Are car is just a status symbol? Do we actually calculate how much these things truly cost?
Read: 'My boyfriend never posts pics of me, does he actually love me?'
Are you one of those people who refuses to buy a house or a car because of all the expenses and drama, or do you bite the bullet and convince yourself it's a worthwhile purchase as it elevates your reputation in society as well?