WisMed OnCall

WisMed OnCall

Buy or Rent a Home

May 14, 2020

Presented by WisMed Assure and the Wisconsin Medical Society Foundation

There are many factors to consider when deciding whether to buy or rent a home, especially during residency. Additional expenses such as closing costs, maintenance and repairs and the potential for declining home values may make home ownership much more costly than anticipated. Additionally, residents won’t know where they’ll be practicing once becoming an attending.

Third-year medical student Rufus Sweeney and former Wisconsin Medical Society COO Peter Welch discuss the financial implications of buying versus renting a home as well as why emotions might sway someone to make decisions against financial advice.