Summary of Ist Miete wirklich rausgeschmissenes Geld? Mieten oder Kaufen Rechner | Finanzfluss

00:00:00 - 00:15:00

In this section of the video, the decision between buying or renting a home is explored. The cost of loan, property management, and potential issues such as long-term maintenance costs, insurance, and flexibility needs for individuals are taken into account. The video presents two scenarios to compare the costs of buying and renting. The first scenario calculates that Mikey, who pays 900 euro in rent for his current apartment, would be required to take out a significant mortgage if he were to purchase a home. Additionally, he would spend more money on upkeep, negating any financial benefits he might have gained by buying. The second scenario suggests that it might be more financially advantageous for Mikey to continue renting and saving his money, rather than purchasing a home and incurring significant borrowing and maintenance costs. The speaker also discusses the importance of careful research and planning when considering the pros and cons of buying versus renting.

• 00:00:00 In this section, the video explores the decision between buying or renting a home, taking into account the costs of loan, property management, and potential issues such as long-term maintenance costs, insurance, and flexibility needs for individuals. The host provides a rechner, which is a web-based tool that compares the costs of buying and renting, and helps individuals make informed decisions based on their unique financial circumstances and lifestyles. As veteran hosts of YouTube channel, 'Finanz Financial', this speak is designed to address the question of buying vs renting a property, specifically, whether it's better to become a homeowner or a partial one, which involves more considerable financial weight considerations.
• 00:05:00 In this section, the video discusses the financial implications of whether the protagonist, Mikey, should purchase or continue to rent his current apartment. Mikey is 31 years old, has a net worth of 30,000 euro, and currently pays 900 euro in rent for his current apartment. The video presents two scenarios to compare the costs of buying and renting, with the first scenario involving a buy and the second scenario involving renting. In the first scenario, it is calculated thatWidget software makes it easier to manage the acquisition and maintenance of hardware assets within an organization. By one elementary calculation, an acquisition within the first five years costs 84,254.44 euro, 14190 euro x 90 months x 1.00, by one additive calculation, including maintenance costs, the cost of acquisition within the first five years becomes 89530.5 euro, 14190 x 6 x 1.00. However, after the fifth year of acquisition, the maintenance costs increase to 9,786.2 euro per year. This would imply that if Mikey were to purchase a home, he would be forced to take out a large mortgage and would likely spend more money on upkeep, negating any financial benefits he might have gained by buying. In the second scenario, it is presented that Mikey should continue to rent, while having space for another part of his capital and saving money for the future. Overall, the information provided in this section suggests that it might be more financially advantageous for Mikey to continue renting and saving his money, rather than purchasing a home and incurring significant borrowing and maintenance costs.
• 00:10:00 In this section, the speaker discusses two scenarios, one in which a tenant decides to purchase land instead of renting it. The speaker compares the values of both land and buildings and shows how these can affect the overall financial situation of the buyer. The speaker mentions different scenarios that may occur in both scenarios and the importance of preparing for unpredictable expenses, i.e., repairs and maintenance costs. The speaker then discusses a second scenario in which a family is deciding whether to buy a house instead of renting it. The speaker shows how the family can gain better financial security by buying a house, as they have the potential to gain equity and invest their money. The speaker mentions the importance of considering the different interest rates and fees associated with buying and renting a house, as well as the potential for unpredictable expenses such as home repairs. Overall, the speaker emphasizes the importance of careful research and planning when considering the pros and cons of buying versus renting. The speaker encourages the audience to seek financial advice and to use a financial calculator to determine the best option based on their specific financial situation and goals.
• 00:15:00 In this section, the video presents a neutral depiction of the two positions, that is, whether to rent or buy a property, without any interests conflict that might distort it. The video highlights that it doesn't have any information regarding the price increase of either rents or homes, and to keep it simple, it classifies it as a feature. Thus, the author encourages viewers to write their opinions in the comments section and experiment with it. However, the video acknowledges that it involves some additional assumptions that might make the process more complex and might not necessarily bring higher clarity. Nonetheless, it is vital to maintain the neutrality of the calculator as much as possible by staying free of interests conflict.