Topic: Is renting an inevitable waste of money? - page 21. (Read 3195 times)

You and your partner should talk about it and what are your plans that both of you should agreed.

Better to buy or rent a house. There must have been a point in our lives where this dilemma arose, buying vs. renting a house. Of course, buying a house is more profitable, because the house is a social sign. If you're still young, it's normal, buying or renting a house is indeed a big decision. Especially if in the end, you decide to repay the house. Of course, everyone has their own perspective. But it all depends on each decision that you think is good.

I myself am still young and I made the wrong decision to buy a house at a young age, when I was still busy pursuing a career. The existence of a house becomes a 'chain tie' that makes us reluctant to move to another city that promises better career opportunities. In the end, I stayed where I was, making my career slow to develop.

~snip

If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent.

after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.

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.

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.

Buying a house with installments for 15-25 years is sometimes a lot of choice for young couples who have steady jobs and salaries. But of course it has a fairly high risk. because we don't know if we'll still have a steady job and salary for 15-25 years to keep paying our mortgage. because if we fail to repay the house bill, of course we can lose the house. so that some other people choose to rent a house with a fairly cheap rental rate. so they can save money to build their own dream home. For me both are still the same. depending on our financial condition. However, home installments are relatively more expensive than building your own home.

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.

Let’s say
Rent car is better or buy car is better? If you rent car you won’t own the car after you had paid x amount.
If I have a choice between paying for a wife and paying for a surrogate for it, I did choose the latter which is cheaper yet I would still get the same result I want, yes... if you get what I mean, you want your own kids but you don’t want to pay full price and own a wife also come with baggage, food for thought