Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/contact-us?utm_source=content&utm_medium=youtube&utm_campaign=rationalreminder_yt Is renting just “throwing money away,” or could it be the smarter financial choice? In this episode, we dive deep into one of the most debated topics in personal finance: renting versus owning a home. In our conversation, we discuss the nuances of renting versus owning, the hidden costs of buying a home, and the importance of saving discipline. Tuning in, you’ll discover how emotional biases may inflate real estate prices and how societal pressures influence housing decisions. Then, we shift our focus to a listener's question about interest rates and bonds. Dan explains how bond prices and yields work inversely and delves into the concept of bond duration. He also breaks down how long and short-term bonds react to interest rate changes and why the Bank of Canada’s influence on bond markets may not always be straightforward. Join us as we investigate the pros and cons of renting versus buying and how to leverage bonds effectively in a dynamic interest rate environment! Links From Today’s Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.ca Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/ Mark McGrath on X — https://x.com/MarkMcGrathCFP Dan Bortolotti on LinkedIn — https://www.linkedin.com/in/dan-bortolotti-8a482310 Canadian Couch Potato — https://canadiancouchpotato.com/ Future Proof Conference — https://futureproofhq.com/ CMHC (Canada Mortgage and Housing Corporation) Rental Market Survey Data — https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/data-tables/rental-market/rental-market-report-data-tables Episode 196: Sebastien Betermier — https://rationalreminder.ca/podcast/196 Episode 308: Dan Bortolotti — https://rationalreminder.ca/podcast/308 Statistics Canada — https://www.statcan.gc.ca/ Bank of Canada — https://www.bankofcanada.ca/ National Council of Real Estate Investment Fiduciaries (NCREIF) — https://www.ncreif.org/ REALTOR.ca — https://www.realtor.ca/ Kevin Prins — https://www.bmoetfs.ca/specialists/kevin-prins BMO Canadian ETF — https://www.bmoetfs.ca/ Financial Planning Association of Canada — https://www.fpassociation.ca/ Papers From Today’s Episode: ‘Assessing High House Prices: Bubbles, Fundamentals and Misperceptions’ — https://www.aeaweb.org/articles?id=10.1257/089533005775196769&ref=josephnoelwalker.com ‘Lessons from Over 30 Years of Buy versus Rent Decisions: Is the American Dream Always Wise?’ — https://doi.org/10.1111/j.1540-6229.2011.00321.x ‘Perception of House Price Risk and Homeownership’ — https://www.nber.org/papers/w25090 ‘Owner-Occupied Housing as a Hedge Against Rent Risk’ — https://doi.org/10.1093/qje/120.2.763 ‘To Rent or Buy? A 30-Year Perspective’ — https://www.financialplanningassociation.org/article/journal/MAY18-rent-or-buy-30-year-perspective ‘Are Renters Being Left Behind?: Homeownership and Wealth Accumulation in Canadian Cities’ — http://hdl.handle.net/2429/50413 ‘The Life-Cycle Effects of House Price Changes’ — https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2005/wp05-7.pdf ‘Depreciation of Housing Capital, Maintenance, and House Price Inflation: Estimates From a Repeat Sales Model’ — https://doi.org/10.1016/j.jue.2006.07.007 ‘Characteristics of Depreciation in Commercial and Multifamily Property: An Investment Perspective’ — https://doi.org/10.1111/1540-6229.12156 ‘Homeownership and Psychological Resources Among Older Adults: Do Gender and Mortgage Status Moderate Homeownership Effects?’ — https://doi.org/10.1177/08982643211029174