Save Money on Housing with House Hacks

<p>The Frugal Friends take a look at the fundamental need and expense of shelter! In this episode Jill shares her adventures in non-traditional housing solutions and Jen talks house hacks and how she uses her home as income property. A number of internet articles are explored and the pros and cons of renting versus buying are equitably discussed.</p><p><b>Notable Notes</b></p><ul><li><b>The Case for Renting</b><ul><li>What the Internet has to say <ul><li><a href='https://www.marketwatch.com/story/why-it-makes-more-sense-to-rent-than-buy-2018-01-11'>Market Watch Article</a></li><li>Jacob Passy boldy supports his claims that, in some cases, it makes more sense to rent than buy. Citing shifts in economics and the housing market, Jacob gives a convincing argument to stick with the landlord, and enjoy the freedom that comes with renting. <ul><li><b>What Jen and Jill have to say</b><ul><li>You do run the risk of rent inflation but when you own your taxes increase too so you’re not immune.</li><li>Renting includes being absolved from fixing anything that breaks, renters insurance is a fraction of the cost of homeowners insurance, you don’t have to pay property taxes, there is no interest lost when you rent.</li><li>Jen -&quot;we love our house but it&apos;s a luxury&quot;. The house you live in isn’t an investment, it’s a home. Until you’re ready to incur the cost of maintenance, upkeep, and designing it to be a place you love, no one, including yourself, should rush you into buying. You’re not missing out on anything by renting, it’s the frugal thing to do. mic drop.</li></ul></li></ul></li></ul></li></ul></li><li><b>Alternative Housing</b><ul><li><ul><li>Jill shares on her journey of renting inexpensively, living in an RV, house-sitting, and living with grandma!<ul><li>Get paid to care for your elderly family members<ul><li><a href='https://www.caring.com/articles/payment-for-family-caregiver'>Caring for Elderly</a></li></ul></li></ul></li></ul></li></ul></li><li><b>Ready to Buy</b><ul><li><b>Things to Remember</b><ul