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Renting Is Throwing Money Away Right I Added - Right? Up Every

Video by @collingibeault (Collin Gibeault) • Aug 06, 2026 • Verified Download Ready
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Video Title / CaptionRenting is throwing money away, right? I added up every cost of owning a 400,000 dollar home for 30 years, and the total is bigger than the house. Here is what you actually pay on a 400K home with 20% down. Mortgage interest at 6.5%: about 408,000. Property taxes: roughly 190,000. Homeowners insurance: around 80,000. Maintenance and repairs (roof, HVAC, water heater, all of it): about 180,000. Closing costs going in: another 12,000. Bundle in HOA dues and the higher utilities a bigger place eats up and you have spent close to 870,000 on top of the house, none of it building equity. So a 400K home really costs about 1.3 million out of pocket. The catch: it is worth about 1.3 million by then too, so owning is not a loss. But a renter who invested the down payment and the monthly difference at 8% lands right around the same place, sometimes ahead. The house is not the better investment, it is the better behavior, because a mortgage forces you to save. I rounded some of these on purpose, so comment the costs you think I missed. #rentvsbuy #realestate #PersonalFinance #investing #moneytips
TikTok Creator@collingibeault (Collin Gibeault)
Audio Track Name🎵 original sound - collingibeault
Total Plays17,041 views
Total Likes❤️ 647 likes
Total Shares🔁 122 shares

Below is the post about Renting Is Throwing Money Away Right I Added posted by creator @collingibeault (Collin Gibeault). So far, this clip has received 17,041 views, 647 likes, and 122 shares on TikTok.

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Original Video Caption:
Renting is throwing money away, right? I added up every cost of owning a 400,000 dollar home for 30 years, and the total is bigger than the house. Here is what you actually pay on a 400K home with 20% down. Mortgage interest at 6.5%: about 408,000. Property taxes: roughly 190,000. Homeowners insurance: around 80,000. Maintenance and repairs (roof, HVAC, water heater, all of it): about 180,000. Closing costs going in: another 12,000. Bundle in HOA dues and the higher utilities a bigger place eats up and you have spent close to 870,000 on top of the house, none of it building equity. So a 400K home really costs about 1.3 million out of pocket. The catch: it is worth about 1.3 million by then too, so owning is not a loss. But a renter who invested the down payment and the monthly difference at 8% lands right around the same place, sometimes ahead. The house is not the better investment, it is the better behavior, because a mortgage forces you to save. I rounded some of these on purpose, so comment the costs you think I missed. #rentvsbuy #realestate #PersonalFinance #investing #moneytips

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