A rent to own or a loan that will give you a house right after you paid it, is a good decision. Renting a house forever will cost you a lot, and it is only for temporary. The disadvantage of it is that not every single time is you have money, and once you didn't pay the rent, you're living in the street and you don't want that to happen. Saving is also another option, then buy a house and lot.
Both are good as long as you are able to complete the payment in due time, as there is always a contract for that when to be considered fully paid. However, I find it more convenient to just find a rent to own house as you can immediate live in it the moment you start renting, although it’s quite more expensive than to buy a house and lot from taking the loaned money. 
Topic: Is renting an inevitable waste of money? - page 13. (Read 2609 times)
The correct answer depends on the country you are in. If the city is expensive, like New-York for example, renting is your only solution to live there. For example in my city the amount people pay for 2 bedroom rent + utility bills equals paying out loan for same 2 bedroom flat. Financially having a rent flat isnt profitable, but you will have to stick to one place for 15-20 years if you take a loan, when youth dream is to move to other country, and elder generation does not feel stability in keeping work.
The location is one of the major factors for one to look at the rent or taking a loan for building their homes.I've got friends that have settled in rural areas where lands aren't expensive and they can just work remotely which is the benefits that they've got from the company.
As we all know, working from home now is the setup that majority likes and favorable although not all really likes that setup.
So, renting is good for short term so that you can move anytime you want.
Based on the understanding out of the thread I think it is good to go for the government's new program. When you keep on renting, you'll end up without anything in belonging to you. When you opt for a loan, the regular rent you pay can be converted regular loan payment. After specific time tenure the loan paid will help in owning a property. Renting isn't waste of money, because it is the spending to shelter ourselves.
The correct answer depends on the country you are in. If the city is expensive, like New-York for example, renting is your only solution to live there. For example in my city the amount people pay for 2 bedroom rent + utility bills equals paying out loan for same 2 bedroom flat. Financially having a rent flat isnt profitable, but you will have to stick to one place for 15-20 years if you take a loan, when youth dream is to move to other country, and elder generation does not feel stability in keeping work.
Where do you live if the case of renting a house will not be much different from conditions abroad. I mean, it's all based on income, land ownership, housing and if there's nothing to support it, there's one option, which is renting. It doesn't matter if it's long term or short term because housing is a must.In addition, related to the cost of rent that differentiates their place of residence, because talking about various incomes, most of them will rent a house that is closest to their place of work.
Life is full of risk, but if you have a stable income that can pay off a long-term loan, I must say that a loan for the acquisition of a house is worth taking because all this rent is just temporary, and after some time the owner can just chase you out of the house and you will be left with nothing, it's better to be a house owner and pay back the loan instalmentally than living in a rented apartment. The sweet thing here is that you are in a country that will give you a loan up to the amount that will make buying a house worthwhile. If I have this opportunity here, I will grab it with both hands.
A rent to own or a loan that will give you a house right after you paid it, is a good decision. Renting a house forever will cost you a lot, and it is only for temporary. The disadvantage of it is that not every single time is you have money, and once you didn't pay the rent, you're living in the street and you don't want that to happen. Saving is also another option, then buy a house and lot.
Renting an apartment is inevitable for someone just starting out in life. Without any inheritance in form of a house or a huge sum, renting an apartment is inevitable. I don’t think anyone who rents out an apartment intends to keep on paying rent forever. I know I wouldn’t want to pay rent for the rest of my life. That is financially draining.
One could get various source of income and work to save money to buy a house of their own. I’ve met such folks.
I wouldn’t exactly call renting a waste of money as even some home owners now once paid rent at some point in their lives. And not everyone could be homeowners.
The correct answer depends on the country you are in. If the city is expensive, like New-York for example, renting is your only solution to live there. For example in my city the amount people pay for 2 bedroom rent + utility bills equals paying out loan for same 2 bedroom flat. Financially having a rent flat isnt profitable, but you will have to stick to one place for 15-20 years if you take a loan, when youth dream is to move to other country, and elder generation does not feel stability in keeping work.
You are lucky that you can find an apartment within a $400 range. That's cheap when you compare it with other countries. But I don't think "renting" is a waste of money. You are renting it because you have to. It's like saying why not buy a whole farm and produce your own food instead of buying food everyday because it is an inevitable waste of money. Start saving for the down payment as much as you can. Then pay the rest. You will be paying a little more than what you pay for the rent, but in the long run, you will have your own house. You just need to make sure you always have a job. And also remember, not everyone can afford to own their own house.
Although it's cheap compared to other countries, it's not considered cheap when the average salary is €700–€800. If you're alone, it's practically impossible to rent by yourself; you'll need a roommate or a partner to split rent and utilities. The rents aren't considered expensive themselves, but the salaries are too low to support paying such a rent. It certainly isn't a waste of money; you need to live somewhere, but it's not generating any profit for yourself in the long run.~snipped~
Monthly payment. It may not sound too much compared to other European countries or the USA, but it's approximately half of your monthly salary. Certainly, loans are a huge commitment, and you can't have any guarantees about the future. Just because life is working out now doesn't mean that it'll also do so 10 years from now.I am the one who would think that renting in the waste of money. there comes time in your life when you are broke - you can cut down on your grocery and other utilities - but you can not tell the owner to wait for some time because you don't have money to pay off they rent.
You are lucky that you can find an apartment within a $400 range. That's cheap when you compare it with other countries. But I don't think "renting" is a waste of money. You are renting it because you have to. It's like saying why not buy a whole farm and produce your own food instead of buying food everyday because it is an inevitable waste of money. Start saving for the down payment as much as you can. Then pay the rest. You will be paying a little more than what you pay for the rent, but in the long run, you will have your own house. You just need to make sure you always have a job. And also remember, not everyone can afford to own their own house.
Although it's cheap compared to other countries, it's not considered cheap when the average salary is €700–€800. If you're alone, it's practically impossible to rent by yourself; you'll need a roommate or a partner to split rent and utilities. The rents aren't considered expensive themselves, but the salaries are too low to support paying such a rent. It certainly isn't a waste of money; you need to live somewhere, but it's not generating any profit for yourself in the long run.~snipped~
Monthly payment. It may not sound too much compared to other European countries or the USA, but it's approximately half of your monthly salary. Certainly, loans are a huge commitment, and you can't have any guarantees about the future. Just because life is working out now doesn't mean that it'll also do so 10 years from now. 
You are lucky that you can find an apartment within a $400 range. That's cheap when you compare it with other countries. But I don't think "renting" is a waste of money. You are renting it because you have to. It's like saying why not buy a whole farm and produce your own food instead of buying food everyday because it is an inevitable waste of money. Start saving for the down payment as much as you can. Then pay the rest. You will be paying a little more than what you pay for the rent, but in the long run, you will have your own house. You just need to make sure you always have a job. And also remember, not everyone can afford to own their own house.
The cost of production has increased so as the cost of equipment, materials, and cost of workmanship in raising a square wall of rooms. Building a house is beneficiary in the long run but let's make a comparison with the amount you will spend to build your desired house and what it will take to rent a house. To be honest, it is easier to afford a house rent of your choice but you can't build that type if you want to build one yourself, it will take years and if one is not financially buoyant to build a house, the two have an advantage they play but building yours has more on the long run, I wouldn't advise anyone to buy a house because there is a probability of using poor materials for construction.
We also need to remember that rent goes up due to inflation as well. If the price of bread goes up, the electricity bill goes up, the apple new iphones are more expensive, the meal you had is higher, and the workers people hire are more expensive, then what would be the case to keep the rent the same price? That's not going to happen.So if you own a house, you will want the rent to go up as much as the inflation, so if your nation has an inflation of 10%, then the rent you want to take from the people should go up 10%, if you do more than that's bad, if you do less than it's bad for the owner of the house. This is why I doubt it would be fair for anyone if it's anything but the inflation rate.
Not all debt is waste of money, if we can manage debt for business capital or increase capital then this is good, unfortunately most people nowadays only think instantly, they make debt a thing that can fulfill their pleasure, then problems occur, for example it is difficult pay then they can only regret.
Debt could be helpful if we know how yo handle and spend it wisely so that we can make a profit from it but if we'll use it to fulfill our wants over our needs, we will definitely be wasting it. Renting is fine if that's what we can afford but it will be better if we are also saving to buy our own house because renting forever is really a burden. Saving as for me is the key.
If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent.
As a young guy without inheritance, you will definitely rent an apartment to live. It's just advisable to rent apartment base on your income so one won't end up in debt.
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The average rent for a one-bedroom apartment is between €300 and €400 at best
Is this a monthly rent payment or yearly rent payment?
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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.
Naturally, I can't advice taking a loan for renting an apartment especially when you have no good job. One should learn how to manage the little resources he/she has and only take loan for business purposes.
Not all debt is waste of money, if we can manage debt for business capital or increase capital then this is good, unfortunately most people nowadays only think instantly, they make debt a thing that can fulfill their pleasure, then problems occur, for example it is difficult pay then they can only regret.
I always considers renting waste of money, I mean even though it might be more economically efficient if calculated but you still never gonna own anything at the end of the day you're quite literally just become the workers of the landlord, meanwhile if you decided to buy a house you'd eventually get something in return and it could rise in value, with renting all the money you just spent just lost like that, moreover it just feels good when you eventually gonna reach the point where you could live in a place without paying, meanwhile the other people that rents still got to think about how to make their ends meet in next month you're just lifting off some serious burden when that time comes. also it could also motivates you to earn more.
renting is always difficult.Especially if you rent a house alone, then it is even more difficult to buy your property, it is already easier in a couple since you can distribute responsibilities and start paying for your housing.Without additional earnings, it is almost impossible to buy your real estate, since a lot of expenses do not allow you to do this.It is easy to buy your own property if you have money, but without it, like if you need to have a loan in a bank and pay it for a couple of years, that is a huge problem, and you'll also be sacrificing a lot of things for it, but we have no other choice as we don't have money to buy it in cash. Also, if you took out a loan just to purchase your dream house, you would mostly pay it off in a couple of years. The problem is that if you lose a job within that year, all of your money that was paid in monthly installments will be gone, as well as your property. It is very risky, but if we don't take that risk, we can't buy that house.
I always considers renting waste of money, I mean even though it might be more economically efficient if calculated but you still never gonna own anything at the end of the day you're quite literally just become the workers of the landlord, meanwhile if you decided to buy a house you'd eventually get something in return and it could rise in value, with renting all the money you just spent just lost like that, moreover it just feels good when you eventually gonna reach the point where you could live in a place without paying, meanwhile the other people that rents still got to think about how to make their ends meet in next month you're just lifting off some serious burden when that time comes. also it could also motivates you to earn more.
renting is always difficult.Especially if you rent a house alone, then it is even more difficult to buy your property, it is already easier in a couple since you can distribute responsibilities and start paying for your housing.Without additional earnings, it is almost impossible to buy your real estate, since a lot of expenses do not allow you to do this. 
I think renting money is a dangerous thing if we are not good at managing finances, nowadays people are too easy to spend money so expenses are greater than income, from now on we have to change our mindset to be more productive and not wasteful because it will make it difficult for us and get into debt.
A rent to own or a loan that will give you a house right after you paid it, is a good decision. Renting a house forever will cost you a lot, and it is only for temporary. The disadvantage of it is that not every single time is you have money, and once you didn't pay the rent, you're living in the street and you don't want that to happen. Saving is also another option, then buy a house and lot.
Indeed, what you want is to buy a house because it will save more on our expenses, be it every month or every year to rent a house,but at this time buying a house also requires a lot of money, of course, and this is not easy,
I think it all comes back again depending on our abilities and just adjusting.
well, my take on this. if you are renting and you seldom go home to live in it. then, that's a waste of money. but if your family is enjoying and are happy with it, then, your rent is worth every penny. not many people can afford to buy their own house or get a rent to own as there are some requirements that they can't fulfill. so what they are doing is just live what they can afford with their money.
A rent to own or a loan that will give you a house right after you paid it, is a good decision. Renting a house forever will cost you a lot, and it is only for temporary. The disadvantage of it is that not every single time is you have money, and once you didn't pay the rent, you're living in the street and you don't want that to happen. Saving is also another option, then buy a house and lot.
Therefore, you would really be needing a wise decision and see and check it out if you could sustain your current job or some investment to neither sustain your rent or would take up some house loan and able to pay for long term or lots of years.Its not an easy thing.Who doesnt really want to have their own house? It is really just there are situations or conditions in our lives which
it do really hinders us on making such decision.We dont want to engage on things which we do know that we might able to lose it all in the end of the line
or simply cant sustain this is why we do stick into those non good alternatives but it does really have some pros too.
I always considers renting waste of money, I mean even though it might be more economically efficient if calculated but you still never gonna own anything at the end of the day you're quite literally just become the workers of the landlord, meanwhile if you decided to buy a house you'd eventually get something in return and it could rise in value, with renting all the money you just spent just lost like that, moreover it just feels good when you eventually gonna reach the point where you could live in a place without paying, meanwhile the other people that rents still got to think about how to make their ends meet in next month you're just lifting off some serious burden when that time comes. also it could also motivates you to earn more.
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