Topic: Is renting an inevitable waste of money? (Read 3192 times)

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

isn't the fact that renting takes up 30-35% salary means its already burden on its own, mortgage does increase that amount to certain extent but at the end of the day we got a house that could work as an asset unlike renting where all the money just gone, if we can't pay rent when we are of old age, well we're homeless.

unfortunately the renting prices right now aren't really affordable anymore, so if its me, i'd just go with mortgage, the path gonna be difficult but hopefully i can make it to the end with proper financial management and frugal living.
it also kinda motivate me to make more and more money so that i can still have many left after paying the mortgage. I just see no good future with renting but maybe that's just my idea of getting a house and might be pretty biased.
some people that rents can definitely save up some money for buying house avoid the interest but the fact that inflation rate are going higher and higher might make them forcefully realize that maybe things won't work out.

if there were more cheap and affordable housing created by the government it will be the holy grail of housing for most of people stuck with rent, even simple house will suffice. the only advantage with renting that I know so far is probably we can get strategic housing right in the city without spending too much money on it and then we can settle somewhere else later on when we are reaching old age. that's pretty much it.

It won't be just "after a few days" investing in crypto won't be the same for all. While those that invests for long and at the right timing of bear market and will sell on the bullish period, it won't come easy for them. Those that have money ready to buy a house, do it as soon as you can because mortgages are increasing, real estate isn't going down anymore unless there is a sudden pop of the bubble market. And to those that are renting, it's not a waste of money if that's what you can afford for now while preparing to purchase your own home.

Whether renting is a waste of money is not a simple question.

Especially in big cities, renting is indeed expensive. However, for many people, renting is their only option to meet their housing needs. After all, not everyone can come up with enough money to buy a house at one time, and even if they can get together a down payment, the subsequent loan repayment pressure will be quite heavy.

I think that heavy debt may limit a person's quality of life and future development potential. Although renting requires paying a certain fee, it also gives people more flexibility and choice, allowing people to focus more on their own life and career development instead of being bound by mortgage loans.

Since shelter is highly important in humans life. Then it is either you acquire it by rentage or building it yourself. If you are building it yourself, then this depends on your plans on how to do that. You can even go that far to acquire a loan from the government if you are a government working.

Everyone definitely needs a place to take refuge in their life and if someone doesn't have their own house to live in, of course the main choice is to rent. And I think this is nothing new in many people's lives because it has been seen very often in everyone's lives. So we are all really required to be able to have our own house if we are very tired of the rental fees that have to be paid to the owner of the apartment or house every year. So how do you do it? Well, the method itself is actually quite simple, namely by continuing to work and making money so that it can be allocated to investments and also allocated for planning the construction of our own house.

One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself.

It won't be just "after a few days" investing in crypto won't be the same for all. While those that invests for long and at the right timing of bear market and will sell on the bullish period, it won't come easy for them. Those that have money ready to buy a house, do it as soon as you can because mortgages are increasing, real estate isn't going down anymore unless there is a sudden pop of the bubble market. And to those that are renting, it's not a waste of money if that's what you can afford for now while preparing to purchase your own home.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

Your current view of things like that is also not wrong. Because the increase in the price of Bitcoin and other cryptocurrencies can be taken as an example and it is an opportunity that for now it is better to keep holding Bitcoin and several other cryptocurrencies in order to get more profits which in the end can also be used to buy a house. But for those who don't have their own house or who still rent someone else's place for their daily living, they definitely won't think like this unless that person really believes in Bitcoin and plans to buy a house someday.

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

The thing that everyone should know at this time and that also includes yourself is that Bitcoin cannot be compared with any physical asset, including land, houses and other property assets at any time. Because between Bitcoin, land and houses are very different assets so the comparison will not be quite appropriate and will not even be quite balanced even though land and house owners can also get quite a profit after investing in land or houses for a long time at this time. However, all of this is also not enough to beat Bitcoin, which can also provide much greater profits in each cycle in the market, making Bitcoin still considered better than land and houses in any economic condition.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent. Personally, I've been renting for over 6 years and have been living with my girlfriend for the last 4, sharing rent and utilities. Overall, we've both spent over €25,000 together, and after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.

The average rent for a one-bedroom apartment is between €300 and €400 at best; thus, I was thinking that taking a loan is as costly as paying rent per month, but after 15-20 years, you end up with a house. My main concerns are the following: First, if you're in a long-term relationship like myself, you can never be 100% sure that you'll be with that person in 20 or 30 years from now, which might prevent you from opting for a loan. Secondly, you need to be certain that the location or city of the property to be bought is convenient for future job offers and so on. Thirdly, because a loan is a many-year commitment, there's no guarantee that you'll be able to afford the monthly payment 15 years from now.

On top of that, finding the ideal house as a renter is almost impossible; there's a lack of housing, and rents are extremely expensive and unreasonable at the same time. We had a difficult time finding a house recently, and it's far from ideal. There is now a new government-funded loan program that is about to start, funding up to 75% of the loan interest-free while the rest is funded by private banks and is subject to a relatively low interest rate. This led me to think about taking a loan and purchasing an average two-bedroom apartment, but I have the concerns that I voiced earlier.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

It is true that having a house is a dream for everyone to have, but to achieve this goal it is not easy to achieve, we need extra sacrifice to get it. This depends on how each individual earns or earns money every month in their job, if workers with minimal salaries I think it is difficult for them to earn a house with their hard work from their salary. The renting solution is the best for them rather than buying a house. The bank will not allow someone to take out a loan to buy a house that does not meet the standard criteria that have been implemented by the bank's rules.