Topic: Is renting an inevitable waste of money? - page 13. (Read 3192 times)

Renting a house for a short period of time cannot be called a waste. but if for a long time then I think it could also be something that is not very good for our own economic growth in the future.

Taking a loan from a bank with low interest and then we buy a house with that money I think is much more effective. but on condition that we have calculated our financial ability to pay installments to the bank every month. but this step is indeed different from taking home installments (home loans). because the price of a house purchased in cash will be cheaper than buying a house on credit.

Renting is not inevitable as a waste just like you can lease a car and somehow its more sense then committing to buying and owning a depreciated car value in future.  There's multiple costs and rates of loss to consider not just rent but the cost to own, the loss of opportunity to capital you must commit to a purchase and so on.  If you have a better place elsewhere to invest then you may well prove the rental is smart use comparatively.

Renting is not inevitable as a waste just like you can lease a car and somehow its more sense then committing to buying and owning a depreciated car value in future.  There's multiple costs and rates of loss to consider not just rent but the cost to own, the loss of opportunity to capital you must commit to a purchase and so on.  If you have a better place elsewhere to invest then you may well prove the rental is smart use comparatively.

Renting is not waste, if one doesn't have enough money to buy a house there is nothing that can be done. People don't rent house because  their is something special thing in renting house,  but people rent because that is what they can afford at the moment.  If everyone is buoyant to afford a house I don't think no one would want to be in a renting apartment. Renting is economical to people that does not money of buying a house , renting might also be a waste to people who can afford to buy a house.

Renting is almost never a financial waste. Every person needs a roof over their head. Depending on your circumstances and resources, there is a fine line between renting and owning a home. You won't be subject to taxes as a tenant, and maintenance costs won't be excessive. Insurance for rentals is less expensive than for property owners.
Renting is almost never a financial waste. I've lived in a rented apartment for years, and I have a very free schedule. I never worry about being transferred because I always find a nice place to rent no matter where I am in the nation.

Rather than renting, buying seems to be the better choice. With the same premium what we pay as rent it is possible to pay the premium for the property we've bought. There might be little difference in the rent and the buying premium, taking it as challenge and running for it will make us own a property in specific time period than renting the property for some time period and after some time period if we calculate what we've spend on rents stands high without anything owned by us.

That is correct - but one can sell the old home and get a new one.
In our religion we are advise to keep moving - this is one of the ways to lean. that life is not easy and that you should travel light

That is correct - but one can sell the old home and get a new one.
In our religion we are advise to keep moving - this is one of the ways to lean. that life is not easy and that you should travel light

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.

We all want to have our own place but renting is the solution for those that are moving from time to time. Like those who are digital nomads, they can transfer from one place to another and that's why it's very easy for them to move.
They don't need to think of anything they have to cover as their asset because for them, it's too easy and there's no hassle at all when they're moving from country to country. Adaptation is also interesting because they learn to bear with new culture.

You could say this rental business is also a property business because rent takes the form of a house, place, or land. Right now many rich people in my country deliberately build a place where it is very compatible for selling, whether it's electronics, kitchen needs, and others. they don't treat the buying system, because by renting the owner still has full rights over the place but gets passive income from the results of the monthly rental fees. For those who have a place to rent, it is a smart move, but for those who rent it can be said that it is an inevitable waste of money, but at least both parties can benefit each other.

You could say this rental business is also a property business because rent takes the form of a house, place, or land. Right now many rich people in my country deliberately build a place where it is very compatible for selling, whether it's electronics, kitchen needs, and others. they don't treat the buying system, because by renting the owner still has full rights over the place but gets passive income from the results of the monthly rental fees. For those who have a place to rent, it is a smart move, but for those who rent it can be said that it is an inevitable waste of money, but at least both parties can benefit each other.