Adam Conover’s Renting vs Owning a House
In the episode of Adam Ruins Everything - Why Home Ownership is Actually a Terrible Investment, he debunks the misconception of owning a house as the ideal choice for settling. Home ownership as the “American dream” or “the ultimate middle class ideal” is not so ideal after all since, as Adam says, “a lot of people who shop for homes would actually be better off renting”. People opt to home ownership with their primary reasons such as freedom, stability, and privacy, however that is not the case as renting offers more mobility thus freedom to “move whenever you want” as Adam puts it. Moreover, owning a house does not essentially equate to stability in financial sense as studies show that such mentality leads to higher unemployment; while you can have privacy and security either way. Adam also revealed that both options bill you periodically – “mortgage to some bank” or “renting to a landlord” whereas the former makes you pay off interest over time and the latter gives you service privi...