Topic: Buying Vs Renting a Home- Which is the right move? - page 4. (Read 815 times)
This matter basically depends on the person whether he buys or rents the house. If one buys a house he can undoubtedly own a fixed asset. Buying a home does not require a person to spend the same amount of money that they would have to spend on renting a home. If we consider it from the investment side a person needs lots of money to buy a house. If he doesn't spend that money on a house instead of investing in bitcoins and spends some money on home improvements, he can buy another house in the next few years. The investment is suitable for those who have relatively less money.
it really matters when you plan of how long you are going to stay in a certain place. if you have a kid and you give importance to his childhood friends and that he could have a life long friends, i guess buying would be better for he can have a place to call a home town.
if you are just in the place where you are called because you have a job. i think its best to just let your kids visit from time to time and just rent a place when you know you won't be staying for a long time.
in speaking about stability or sustainance on speaking about income. On the moment that you had achieved such condition or state then you wont be able to find yourself having no problems and could be able to buy or build your own house without any financial problems just because you had already saved enough. This is why those people who do have those kind of plans will eventually be saving up that money and would be making use of those on investing or building up some business first or trying to make it roll.
it really matters when you plan of how long you are going to stay in a certain place. if you have a kid and you give importance to his childhood friends and that he could have a life long friends, i guess buying would be better for he can have a place to call a home town.
if you are just in the place where you are called because you have a job. i think its best to just let your kids visit from time to time and just rent a place when you know you won't be staying for a long time.
it really matters when you plan of how long you are going to stay in a certain place. if you have a kid and you give importance to his childhood friends and that he could have a life long friends, i guess buying would be better for he can have a place to call a home town.
if you are just in the place where you are called because you have a job. i think its best to just let your kids visit from time to time and just rent a place when you know you won't be staying for a long time.
but the freedom and peace of mind in own home is something more valuable I feel.
That's one of the main reasons why a person should have a home of his own. Renting might be okay, you don't need to spend a lot of money and you can get a house to live in even if you are not earning a lot of money, but the problems that one faces when renting a house must be considered as well.
What if you lose your job, and don't manage to get a new job very soon? Some landlords might be good and give you some time to pay the rent, may wait for another month so that you can earn some money and pay the previous dues as well, but some wouldn't do that, they would ask you to evacuate and shift somewhere else, and that is one of the worst things to do if you ask me.
In the country where I come from, if people have enough money, they preferred to buy a home. When someone doesn't have enough money here, they will rent a home and live there for several years but if they have money to buy their home they will. The reason is because they believe it's better to live in your personal owned home because you can do what ever you please. If it is a rented apartment, the owner have the right to ask you to leave if there is any issues between the both of you.
One thing about people from my country is that, we also want to buy or build a house that our kids can own to their self after we have passed on. There are many reasons why people in my country wants to personally own their home.
One thing about people from my country is that, we also want to buy or build a house that our kids can own to their self after we have passed on. There are many reasons why people in my country wants to personally own their home.
It’s better to buy a home than rent but it depends on your circumstances. If you’re working in a city you don’t plan to be for too long then renting is fine. In normal circumstances though I think it’s better to buy because eventually you will own the house with no mortgage payments & your cost of living will be pretty cheap. If you don’t buy, will your pension be enough to pay ever increasing rent when you retire?
I guess the ideal thing would be just renting place or an apartment for the sake of work so that we don't commute too long and get tired when we get home and then save whatever money left for retirement and buy a house in the country side since we all know that buying home in a city is just not a truly good option anymore, the housing price sky rocketed, the average people couldn't afford a small house but we can still afford home in country side or rather to be frank remote country side where we gonna be far away for the facilities, too unfortunate but the housing price force to, even that plan is with big requirement that we have enough salary to cover for rent and still have many left to save up and to buy foods.since from the news rents nowaday take up 70% of our salary its already ridiculous seeing from the perspective of someone who want to build wealth its just not possible anymore owning property through being an employee unless working in FAANG which known to be rather magnanimous with the salary or fortune 100 companies otherwise owning property is just a dream.
It’s better to buy a home than rent but it depends on your circumstances. If you’re working in a city you don’t plan to be for too long then renting is fine. In normal circumstances though I think it’s better to buy because eventually you will own the house with no mortgage payments & your cost of living will be pretty cheap. If you don’t buy, will your pension be enough to pay ever increasing rent when you retire?
Buying a house will be a good investment for the future if you have the financial ability to claim the house as yours. Renting is only limited to temporary ownership as long as the rental period is still active, after that you will spend more money to extend the rental period. Of course everyone will choose the option of buying rather than renting, apart from being able to increase investment assets for the future, you also no longer need to worry about where to live. Buying is more economical than renting, even though you will spend a lot of money buying it, this amount is more economical than renting it.
In my opinion, if I had the capacity to buy a house I would. Instead of renting out a very expensive one, I’ll just buy one for myself at least I do not have to worry about the lease every month. Plus, I think it would be a good investment
Real estate just becomes more and more expensive over time so I know I can sell my house when I need to move for a higher price than the one I got it for.
Real estate just becomes more and more expensive over time so I know I can sell my house when I need to move for a higher price than the one I got it for.
I will prefer buying of the house, it those not matter if you are living there the rest of your lives or not, buying of the house seem better to me because if you are to buy the house you can easily come back anytime you want, even if you rent it out before 20years you most have made a lot of profit from it so any ways buying the house is more advisable
There are many things one needs to consider before deciding on whether they should buy a home or keep renting. The first and foremost is of course whether you can afford to buy a house or not because there is no question that if you don't have the funds to buy a house, you will have to rent out a place to live your life if you don't earn enough to pay the mortgage and you don't have enough savings to buy a house, no other option in this case.
But in case, a person thinks they have enough funds to be able to buy a house, they need to think of what their plan for the future is, whether they want to spend the rest of their life in that location and want their family and extended family to live their lives there as well, then they should go for it because your own house will have more advantages and it is not always about money. But if someone plans to move somewhere else in the future, there is no point in buying a house unless they know the market and think they can earn some profit if they buy one now and sell it later.
But in case, a person thinks they have enough funds to be able to buy a house, they need to think of what their plan for the future is, whether they want to spend the rest of their life in that location and want their family and extended family to live their lives there as well, then they should go for it because your own house will have more advantages and it is not always about money. But if someone plans to move somewhere else in the future, there is no point in buying a house unless they know the market and think they can earn some profit if they buy one now and sell it later.
it really matters when you plan of how long you are going to stay in a certain place. if you have a kid and you give importance to his childhood friends and that he could have a life long friends, i guess buying would be better for he can have a place to call a home town.
if you are just in the place where you are called because you have a job. i think its best to just let your kids visit from time to time and just rent a place when you know you won't be staying for a long time.
However, if you have all funds ready to buy so you can finally own it and come back any time, I guess that would be better also. Once the ownership belongs to you, you can do everything about it or even selling it in the future for a much better price.
I decided to buy a house 8 years ago... I'm still paying it off, but if I had been paying rent all these years I would have nothing of my own.
This is what I am thinking if I'll rent a house. It is going to the right place, my money is being paid off and the house will be mine even it is going to take a while. I don't mind getting such hardship through the period of time as long as I know that I can survive with that. So with renting you get nothing and the landlord is still going to rent it out with another renter while getting the profit. Well, that's an investment, a passive income that they've also planned all along.
Not a financial advice but if you have the financial capability to buy or build yourself a house then this would be better. If the idea is to generate profit with a large amount of money, which is why others choose to rent, well price of a property continuously increases over the years. But if you don't have this stretch on your budget then of course renting would be a better alternative. Bottomline is long term and short term views. There are also rent to own properties which could be an option as well
But I do also like the idea of renting an apartment or house. If you're in an apartment, you could leave the house for a vacation and just advice the landlord to make you free of worries. Another is if you are having a bad neighborhood, you could just move to other rental properties. Lastly, since you will be having enough financial margin, you will have an edge to engage with investments and if it will be profitable, you could plan of purchasing a property of your own afterwards.
But I do also like the idea of renting an apartment or house. If you're in an apartment, you could leave the house for a vacation and just advice the landlord to make you free of worries. Another is if you are having a bad neighborhood, you could just move to other rental properties. Lastly, since you will be having enough financial margin, you will have an edge to engage with investments and if it will be profitable, you could plan of purchasing a property of your own afterwards.
If we ask buying a house or renting a house, which steps should we take? Of course, this all depends on our respective finances. If you have more money, buying a house is also important because a house is where we live in old age or for our children and grandchildren in the future. However, if our money is limited then renting a house is a good step.
If we have the money to buy a house, it's a good idea to just rent a house because by renting a house, the remaining money can be used for business so that it can generate income. So, from that income we can buy a house someday if we manage to collect the money without having to reduce the money we have for business.
Basically my advice, if you have the opportunity to do business, it's better not to buy a house yet. but if you don't understand how to do business, then invest in gold and bitcoin.
If we have the money to buy a house, it's a good idea to just rent a house because by renting a house, the remaining money can be used for business so that it can generate income. So, from that income we can buy a house someday if we manage to collect the money without having to reduce the money we have for business.
Basically my advice, if you have the opportunity to do business, it's better not to buy a house yet. but if you don't understand how to do business, then invest in gold and bitcoin.
If you have the money buy the house and stop renting. Remember even though you are renting a house you have to do some maintenance work in the house to you taste and not everything you will like to involve your landlord to come and do it for you buy a house, you can design your house the way you want. There are some kind of things you won't do in the rented place but you can do it in your own house.
It is not even advisable for a grown up person to rent a house when he has the money. There is nothing like personal home.
It's all depends on your location, the country you are coming from and the kind of work you do. Things are very different from country to country, what is obtainable in your country could be something totally different in another country. Some people are not sure that they are residing in one state or country or location for more than 2 years. They keep traveling and moving from one state to another till the retire, that kind of person is not supposed to build a house until they are retired. Some people do not bother to leave properties for their children if they die because the government has a way to take care of everyone. In your country people live properties for their children and it appears that it is something that is compulsory and that is why you will advise everyone that has money to build even if and the long run they are losing because it will be an access to their children unborn. In conclusion I think this decision just fit well in the country you are and the amount they pay for rent and the amount that could be used to build a house.It is not even advisable for a grown up person to rent a house when he has the money. There is nothing like personal home.
the rights on what you should gonna tell and also i do agree on some points that it is really that more convenient and cozy that you are sleeping on the house on which you do own.
If you have the money buy the house and stop renting. Remember even though you are renting a house you have to do some maintenance work in the house to you taste and not everything you will like to involve your landlord to come and do it for you buy a house, you can design your house the way you want. There are some kind of things you won't do in the rented place but you can do it in your own house.
It is not even advisable for a grown up person to rent a house when he has the money. There is nothing like personal home.
It's all depends on your location, the country you are coming from and the kind of work you do. Things are very different from country to country, what is obtainable in your country could be something totally different in another country. Some people are not sure that they are residing in one state or country or location for more than 2 years. They keep traveling and moving from one state to another till the retire, that kind of person is not supposed to build a house until they are retired. Some people do not bother to leave properties for their children if they die because the government has a way to take care of everyone. In your country people live properties for their children and it appears that it is something that is compulsory and that is why you will advise everyone that has money to build even if and the long run they are losing because it will be an access to their children unborn. In conclusion I think this decision just fit well in the country you are and the amount they pay for rent and the amount that could be used to build a house. It is not even advisable for a grown up person to rent a house when he has the money. There is nothing like personal home.
Actually in this case I agree with some people that in the end before deciding to choose the best between renting and buying, we need to look at the location that is indeed our current residence.
For some big cities in big countries maybe buying a house is difficult because the cost is indeed very difficult to reach so renting is a good option but in some other countries especially for countries that are underdeveloped or still in development then it will not be too applicable even though in the end rent will still be much cheaper but on the other hand for developing areas at least when we buy then we will get a situation where the house and the place we have becomes an investment as well just in case.
I now live in Indonesia but in an area that is still considered remote and underdeveloped and when choosing whether to rent or buy then I will serve to buy for the first option unless it is still difficult for us to buy then rent can be done while collecting money to buy because indeed as I said earlier this can be a good investment material especially for places and buildings that we buy in my country over time will be increasingly valuable and that I can feel from a few years ago until now the price is always increasing.
For some big cities in big countries maybe buying a house is difficult because the cost is indeed very difficult to reach so renting is a good option but in some other countries especially for countries that are underdeveloped or still in development then it will not be too applicable even though in the end rent will still be much cheaper but on the other hand for developing areas at least when we buy then we will get a situation where the house and the place we have becomes an investment as well just in case.
I now live in Indonesia but in an area that is still considered remote and underdeveloped and when choosing whether to rent or buy then I will serve to buy for the first option unless it is still difficult for us to buy then rent can be done while collecting money to buy because indeed as I said earlier this can be a good investment material especially for places and buildings that we buy in my country over time will be increasingly valuable and that I can feel from a few years ago until now the price is always increasing.
Location is indeed a major factor in considering this kind of decision. If you are staying in a highly urbanized areas, for sure, the prices are high. And that means, you will only rent on that place and not buy a property. But if you are seemingly in a remote area, high likely that that real estate properties are quite affordable. And you can justify buying one because it is not too hard from your pocket and besides, as you mentioned, the value of the property will further increase.
So in this case when talking about houses, especially with facilities that can be considered comfortable, it will certainly be very natural when we have to be smart in seeing the situation considering that buying and renting definitely have their own advantages and advantages so that all perspectives must be considered and I think that in the end it becomes one of the considerations whether we should buy or rent a house in the end .
The first thing you have to pay attention to is whether you have enough money to buy a house. If not, you can rent a house until you have enough money. Don't force yourself to borrow money from the bank even though you are sure you can pay the debt every month.
I don't understand why you shouldn't buy with the help of a housing loan when you are already capable of paying it monthly. It's already a good opportunity assuming location and all other conditions are favorable to you. You have to deal with the interests and other financing costs but wouldn't that still be better than paying for something that you'll never own in the end? Jump to: