When It’s Better to Rent than Buy a Home, with Gwen Merz

Is it better to buy a home or rent? The topic is debated often in the personal finance community. While I tend to lean towards the buying side of the equation, my guest this week makes a strong argument for the flexibility of renting.

Gwen Merz is a 30-year old Millennial and founder of the blog, Fiery Millennials. A few years ago, Gwen tried her hand as an entrepreneur, buying a multi-unit rental property, which she also lived in. Eventually, she sold the property and decided that renting was a better option. She joins me on the show to discuss her experiences with both renting and owning a home, and she explains why buying is not always the best choice.

You can find the show notes for this episode at https://maplemoney.com/145

Do you prefer to invest in socially responsible companies? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. To get started with Socially Responsible Investing, head over to https://maplemoney.com/wealthsimple today!