not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.
We have to limit the time to rent a house because after calculating all the costs of renting a house for years it has reached the price of almost a simple house, we have to have a target of living in a rented house for no more than 3 years and work harder to save to buy a house, so you have to work extra to increase your savings and do any business according to your basics to get a high income. 
Topic: Is renting an inevitable waste of money? - page 5. (Read 2609 times)
It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.
Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome. -taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.
But when you are talented and have a small space try to build your cottage.
-It will look as if you just working to pay house bills, but when you have a space to build your structure then it is best advised to do so no matter what the cost is
not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.
Renting money is of course a common thing in life, the presence of an online loan application makes it easy to borrow, but we must understand that renting money is something that can mess up long-term financial plans, if there is no urgent need then avoid taking a loan .
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.
The main argument for renting vs buying a house or apartment is that you don't lock yourself down in one place. In my country it has become quite common for people to change their job frequently, a good friend of mine for example lived in 3 different countries over the last 8 years. Owning an apartment in such a case would make it much more difficult to switch cities and accepting a new job. Renting instead of owning gives us a lot of flexibility and also is less cost that we need to pay each month. When buying an apartment or house it involves usually 80% of borrowed money which can take a very long time to pay back. Especially now in times of inflation rates of 10% the borrowing cost can increase quite a lot down the road. It can take 30 years to pay off one house and is going to put a lot of constraints on us.
It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.
Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome. -taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.
But when you are talented and have small space try to build your cottage.
It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.
Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome. -taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.
Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.
Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.
Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.
you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.
I've been through what you've been through. It can be said that renting a house when going to the city to start a business is the only option, we don't have a choice, let alone whether it's a good or bad solution, and I don't consider it a waste. For a worker in a third world country, it is impossible to accumulate money to buy a house unless we have other sources of income, so it can be said that renting is mandatory.
I am fortunate to have only left my hometown for 3 years to start a business, but many of my friends have not been able to return to their hometown and have had to rent houses for 10 years. Many say that if they don't rent, they can buy a house with that money in 10 years. But I want to ask that in those 10 years, if they don't rent a house, where will their family live?
Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.
Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.
Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.
you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.
I've been through what you've been through. It can be said that renting a house when going to the city to start a business is the only option, we don't have a choice, let alone whether it's a good or bad solution, and I don't consider it a waste. For a worker in a third world country, it is impossible to accumulate money to buy a house unless we have other sources of income, so it can be said that renting is mandatory.
I am fortunate to have only left my hometown for 3 years to start a business, but many of my friends have not been able to return to their hometown and have had to rent houses for 10 years. Many say that if they don't rent, they can buy a house with that money in 10 years. But I want to ask that in those 10 years, if they don't rent a house, where will their family live?
In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.
It all depends on what works for you actually. I believe buying a house means you want to stay there permanently or at least for a very long time. It also still depends on the country you leave in. In some countries its very difficult for get a mortgage loan so they have to buy the house outright or pay by installment to the real estate company. If you leave in that kind of country it would be way better to rent. In some countries people save money to build their own houses. This takes time but its better because by the time you have a family you'll have a house of your own.
So I don't see any of them as a waste of money because it a place where you'll live. Yea, Inflation makes things too difficult for people right now but you'll do what works for you. As for me I still rent but the goal is to get your my own home someday.
Only those that have been or are in your shoes can really relate to he reality of what you OP is facing now and it's really hard to tell where the next best decision lies. Some people are so fortunate to have ancestors that left them a great property like a house and they end up throwing that away by gambling it away for obvious irresponsible and reckless behaviors.
Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.
I support this statement, only those who are experiencing it right now who can confirm the needs and how they really aiming to own their house but because of lack of capability the only option is to rent.Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.
A waste because even you pay for your bills each month, the house will remain as the owner's
property and will never be yours.
But for those who don't have any option, renting is the only thing that they can afford.
The habit of renting money is a bad thing that must be abandoned immediately, renting money is a waste of time and wasteful because we have to pay interest, this is what makes us have to think and immediately take productive actions, for example looking for other income alternatives.
actually, it's okay to rent if it's an emergency. like we really don't have a place to live or anything important. however, there needs to be an alternative to that, to get us out of that situation. for example, we need to save a few percent of our salary to buy these necessities so we don't have to rent them again. renting may not be called a waste of money because it is our primary need. we really need that. however, it does need a change. sooner or later. 
When it comes renting an apartment versus buying a house in my opinion is not a waste of money for a number of reasons. One of them may be that you are still a young who may not have the money to buy a house.
Another reason why it can also be why people would rather rent than purchase a home may be because they do not have a big family and do not need that many rooms. Purchasing a home, at the wrong time can also be costly for the buyer who can find it difficult to make their mortgage payments on time.
This is why they recommend starting to save money so that when the time comes to make a big purchase you will have enough to put down 10% on the home you are looking to buy. Renting an apartment may be the only option for some and for others a temporary place to live. It is always nice to know that you can live anywhere and just pack up and move.
Another reason why it can also be why people would rather rent than purchase a home may be because they do not have a big family and do not need that many rooms. Purchasing a home, at the wrong time can also be costly for the buyer who can find it difficult to make their mortgage payments on time.
This is why they recommend starting to save money so that when the time comes to make a big purchase you will have enough to put down 10% on the home you are looking to buy. Renting an apartment may be the only option for some and for others a temporary place to live. It is always nice to know that you can live anywhere and just pack up and move.
The habit of renting money is a bad thing that must be abandoned immediately, renting money is a waste of time and wasteful because we have to pay interest, this is what makes us have to think and immediately take productive actions, for example looking for other income alternatives.
Only those that have been or are in your shoes can really relate to he reality of what you OP is facing now and it's really hard to tell where the next best decision lies. Some people are so fortunate to have ancestors that left them a great property like a house and they end up throwing that away by gambling it away for obvious irresponsible and reckless behaviors.
Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.
Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.
In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.
This of course differs from one person to another. You could say it's better for you, but of course you can't guarantee someone is also good for considering it. It all depends on the economic conditions of each, the jobs they have and the salary they earn. There are those who prefer to rent, there are those who will choose mortgages, they can also buy it in cash and of course it has to be adjusted to their respective economic conditions.If it were me, I'd be more likely to rent while saving enough cash to buy it for cash or build it instead of a mortgage, which are options that suit my economy conditions.
Renting is definitely not a waste of money. For me, it's apart of good planning. Usually people who choose to be independent start in renting a place temporarily then buy their own upon having enough savings. Also, there some people I know who don't prioritize having their own job and maintains renting an apartment because it 's more convenient for them.
Renting an apartment is also a very good choice because it can also be a temporary alternative for a place to live before someone has their own house and it's also not a waste because usually the rent per year is always cheaper than the rent per week. But for me personally it's always more comfortable to have my own house because I just want to live with my family without the burden of rent, although renting an apartment isn't such a bad thing to do either.
In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.
you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.
I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.
Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.
you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.
I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.
Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.
Getting a job in a city while renting a room is very hard specially when your wage is below the minimum city's wage? you will have a hard time making money to send to your family since you also need a bit of money for yourself because food expense in the city alone is quite expensive. I had experience this kind of job too, and yes, we are also in a similar situation where I need to leave from my hometown to work the opportunity given to me by my uncle, sad to say my uncle died 2 years after and that his wife started physically abusing and mistreating us, so I went back to my hometown which is also my current address now.
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