Part 6/12:
Felix presents a framework for evaluating whether renting or owning is financially better. By calculating the ongoing costs of ownership, such as maintenance and opportunity costs, he finds that rents often align closely with the costs associated with home ownership. For instance, the average cost of ownership for a typical apartment mirrors the average rental cost in Canada, demonstrating that financially, there may be little difference between the two options.
He encourages individuals to consider their specific financial circumstances with tools such as the rent-versus-own calculator available at PWL Capital, which allows for personalized evaluations based on local market data.