Money Matters - Home Ownership

Introduction
Welcome to Money Matters, a weekly discussion group relating to topics of personal finance and financial education/literacy.
Attendees are encouraged to share their personal experiences related to finances to help others learn and achieve their financial goals.

Topic
The topic will be Home Ownership.
We will be focusing on personal home ownership, although most of the topics can likely be extrapolated to real estate investing and being a landlord also.

Discussion Prompts / Questions

• Why do you want or not want to own a home? What kind of factors do you consider?
• The cult of Canadian home ownership. What kind of social pressures, expectations, and sentiment have you experienced?
• Is home ownership or real estate in general a good financial investment? How does it compare to investment in the stock market?
• Have you heard of the "5% rule" as it relates to the costs of home ownership?
• Do you know what leverage is? Do you know how this interacts with a down payment and mortgage?
• Is buying a home a good decision (financial or otherwise) for the average person?

Additional Materials
Some materials relating to this topic are:

• (YouTube videos) Renting vs. Buying a Home: What People Get Wrong, Renting vs. Buying a Home: The 5% Rule
• (rent vs. buy calculators) Rent vs Buy (Canadian-based), rentvsbuy.io
• (whitepaper) Renting vs. Owning a Home in Canada 2005 – 2024
• (reference) How much you need for a down payment
• (reference) Mortgage Payoff Calculator

Soliciting Notice
Any attempts to advertise, promote, or sell financial products and/or services will not be tolerated.

Financial Advice Disclaimer
The information provided is for general informational purposes only and should not be considered personalized financial advice. Consult with a qualified financial professional before making financial decisions.