Topic: Is renting an inevitable waste of money? - page 4. (Read 3192 times)

Renting is flexibility for the tenant and the landlord to some extent.   I've rented very cheaply in some places and that was totally the correct choice as I was always at work and barely home so what did it matter if I just rented a very humble place to sleep.  Im an ideal tenant for the landlord perhaps because I occupy an otherwise empty property and there is always somebody there in the night to upset anyone who has designs on interfering or stealing from the property in some way.
   I do think some people over pay but thats not inevitable, we dont have to have a housing shortage but I acknowledge in lots of busy cities that is the case unfortunately.  I hope distance working changes the world, makes population resource management more dynamic and land use more efficient but maybe we arent there yet.

Here in our country on which those housing developers do offer their houses even on the cheapest one isnt something that could be get by an average worker plus it does really still require lots of paperworks and something in related which its understandable since its a non cheap business where occupants and buyers should really be that something eligible on getting some unit and not really just that good for few months
until they couldnt be able to pay up their mortgage. No matter how small it would be, the interest and long term payment is something that would really be hindering you on finishing it out in the end of the line.
This is why most people doesnt have no choice but to pay up and look for some rented house.

It is really an inevitable waste of money indeed, but their nothing me or anybody that didn't have an inherited or personal house can do about this situation unless you are planning to make yours a reality, rent has become one of the major thing that takes more more from people today

There are still people who think renting is far better than just buying properties or real estate. However buying them has got a plus point in the long terms and that’s increasing valuation for those properties.  The value of land, house, shop, or basically any solid state property would always rise with the time because of the demand and supply circulation. Over the period of time population would grow exponentially and it will cause ultimately up surge in the demand of such properties. Take example of overly populated city with urbanisation. The cost of apartment, small suits or shops has got skyline prices. No one could afford it but those who had invested into it already would benefit from it. I think it’s far better to have possession of the property rather than just renting it out.

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

Renting something if not to open a certain business will obviously be very detrimental. Because if it's only for a place to live, in the neighborhood where I live now there is a credit system for those who can't afford to buy a house in cash for a certain period of time. And I think this is a very wise choice because they can pay off their credit every month until everything is paid off, because some people who have taken home loans for their residence are also not that difficult to pay off their credit every month.

Renting is really wasting money if you only rent then nothing is left on you at the end, in my country there are houses or company that has a rent to own program you will rent thier house for a couple of years and after that you will own that houses which is very good deal but expect that the price is more expensive than a normal house price, because that was also thier business they need to have a profit on it but it helps a lot specially to those who cant afford to build or buy in cash basis.

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.

As a young striving man whom is putting every efforts to change his or her story, I don't think they should focused after lust because of their ambition. It's advisable to stay away from every unwanted relationship or friendship that would not yield any meaningful thing to their lives, and if a man is eager to make wealth they always utilizes every single opportunity that comes towards them. At this point he may decides to own a house or even freely pay his rents without much load or responsibility aside having a lover or living extravagant life.

I agree. Due to the lack of a well-established mortgage system with acceptable interest rates and long-term contracts, renting is sometimes more inexpensive than buying a home in several nations, including mine. However, in other nations, like Scotland, paying a monthly mortgage may be more affordable than paying a monthly rent in the same place, making it a viable choice. To decide whether to rent or buy a house, it is important to research the situation and deals of the country you are in as well as the security and dependability of mortgages.

And make it as a motivation to strive more and earn more money so that you and your parents would be out in poverty. I know coming from rich parents could brought to you easy life but you can't learn valuable lessons from it unlike building your own empire and inherited by your child which you will know tons of experience along the way. It is not easy but you can find the true meaning of life from that journey

Living independently from our own income makes us proud, your struggle is now producing things that family members never thought of, don't blame your parents for not giving an inheritance, they have given the best for you, especially education.