Topic: Is renting an inevitable waste of money? - page 3. (Read 3202 times)

I would suggest buying an apartment, or a house. However, the worries you have remain worries until that happens. However, if you own an apartment, you already own an asset. If something happens, you can sell the apartment. It will be a big loss if you don't make a decision now, and your life has been going on for 20 to 30 years. well, you still don't have anything, in fact the costs you incur may be more. however, these are just suggestions, as I also plan to own a home. It's the same as having a long-term investment.

There are some disadvantages to renting, besides to its many advantages.If everyone has enough money, they will definitely decide to buy a property. Because having your own home allows you to feel safe, comfortable, and secure without having to worry about paying every month.When you buy a house, you will pay it once, but when you rent, you'll pay every month. Even if renting a place appears to be less expensive, there is no guarantee that the rent will remain constant over the years. When you rent, the largest issue you may encounter is that the landlord will set the regulations because it is his property, not yours. While renting you help someone to pay off loan and getting nothing for yourself. However, this is my perspective, and for whatever reason, I believe that owning a home is the best option for the future, especially if you have already started a family.

If you're going to do it until your retirement then yes it's a waste of your money and time, not to mention that the only person that will benefit in that set up is only the landlord. That's why it's okay to at least start renting a smaller house rather than an extravagant one because that way, you have a roof over your head but at the same time, you will also have the money to be able to save up for when you want to buy a house or finance a house through a housing loan.

There are some disadvantages to renting, besides to its many advantages.If everyone has enough money, they will definitely decide to buy a property. Because having your own home allows you to feel safe, comfortable, and secure without having to worry about paying every month.When you buy a house, you will pay it once, but when you rent, you'll pay every month. Even if renting a place appears to be less expensive, there is no guarantee that the rent will remain constant over the years. When you rent, the largest issue you may encounter is that the landlord will set the regulations because it is his property, not yours. While renting you help someone to pay off loan and getting nothing for yourself. However, this is my perspective, and for whatever reason, I believe that owning a home is the best option for the future, especially if you have already started a family.

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.

Renting a home can be seen as an inevitable waste of money by some, as the money spent on rent is not building equity or ownership in a property. However, there are situations where renting can be a more financially sound decision. If someone is unsure of their future plans or does not have the financial stability to afford a down payment on a home, renting may be the better option. Renting can provide flexibility in terms of location and lifestyle. Renters are not tied down to a specific property or location for an extended period of time, which can be beneficial for those who value mobility and change. Ultimately whether renting is a waste of money depends on individual circumstances and priorities. It is important to weigh the pros and cons of renting versus owning a home before making a decision.

Returning to the concerns raised by the OP, when the location of one's home is highly incompatible with the workplace, it inevitably results in additional daily expenses for the individual. This is quite understandable, as urban housing prices are significantly higher compared to rural areas.

If you work in the city while residing in a village, there will be extra costs incurred every day for commuting to work. This leads to an inflated budget for housing. Taking into account the nature of one's occupation and the extent of their needs greatly influences the decision-making process in determining whether to rent a home or pursue a mortgage.

Renting a house on average has been experienced by every human being who has a mediocre economic income, but that doesn't mean that every money we spend every month/year is an act of waste, many people who rent a place to live are forward-thinking for their future.

By renting a house someone can think of working hard to earn their economy, they think it is impossible forever we live in a state of living in a rented place, a lot can be done for €25,000.
Example:
If you spend €25,000 in 6 years, that means you spend €347/month in 72 months=6 years.
If, you are thinking of looking for a credit house with installments of €347/month in 6 years, maybe you should do it, in my opinion, a simple type of house can already be with installments of that size, automatically within 6 years you already have your own home, if you think rent is wasteful.

Renting Money is the thing that makes us consumptive, most people Renting Money is only for useless activities such as buying new gadgets, motorcycles, buying new car, etc, if we are Renting Money and used effectively such as adding business capital, of course this is good and appropriate.

this is not always the case, in fact renting goods that are always used is a waste, such as housing, gadgets, vehicles and other items that have become basic necessities in everyday life, in fact buying them includes cost savings.
Usually the people who rent something important are those who have enough money to buy it.
I agree if it is said that renting is a waste, but that's not all things, there are some things that are really better to rent than to buy, things we don't always use.

Renting Money is the thing that makes us consumptive, most people Renting Money is only for useless activities such as buying new gadgets, motorcycles, buying new car, etc, if we are Renting Money and used effectively such as adding business capital, of course this is good and appropriate.