A short excerpt from a YouTube video titled "Own Your Future: Ditch Rent, Build Equity" (by Hunter Nelson) arguing that owning a home gives individuals more control over cost increases compared with renting and allows them to accumulate equity — mortgage payments act as forced savings that are invested and gain value over time.
You can't not going to have a landlord saying, hey, rent's going up, 500 bucks this year. Your home might go up. But that's going to be a decision usually that you're making. Yes, there's going to be your insurance and your tax for your home. But it's, again, it's all minor factors. Right. So you're putting money into this captive. That's your money. That's, that's what you have to keep. If you keep flooding this thing, you can, it's all your money that you can, you can take a little bit out and the money is accumulating for you. It's being invested. It's gaining interest on it. Right.
