Topic: Is renting an inevitable waste of money? - page 6. (Read 2607 times)

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.

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.

well of course if we are in a financial condition that can only afford to rent a place to live then it will indeed be a waste that we cannot avoid. but we can minimize this waste by looking for a house that can be rented at a lower price. can be done by renting a place to live a little far from the city. because the cost of rent in urban areas is much higher than in suburban areas. but at least we also have to adjust it to the distance that doesn't make it difficult for us to get to work. but if the person works at home like a freelancer. then I think wherever is fine.

Further savings steps can be taken in managing the cost of everyday life to be more effective. such as avoiding unnecessary expenses. so that we can still save and invest to buy a house in the future. because renting a place to live for too long will only make us trapped in a financial condition that is not progressing. so if we are forced to rent, then we have to be more economical in our daily lives so that we can save and invest to buy a house someday.

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.

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.

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.

If we rent a place to live, of course, it has become a basic need that we must fulfill, although renting is indeed a waste that we must go through, but besides we rent we must have a target to make a savings to be able to buy our own house, because renting a place to live for a long time is certainly not what we want, then we must be able to live reasonably in the place we have rented because not all places we rent can be comfortable for sure There are many shortcomings, and all need a process to be able to have their own place.

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.

I think if you don't want to do that because of the first doubt then don't do it, we will never know that everyone can change, but instead of borrowing to take a house, it's better for you to invest first.
after benefiting from your investment then you buy a house for yourself and also I think this is effective to avoid your first worry earlier.

I think it depends on how urgent the need is, if we go to a new area and we need quite a long time to live there, for example we move to a new workplace, of course this is a very appropriate solution for us to rent a house instead of having to buy a new house.
but if the case is different, for example we rent a car or something that we don't really need, of course this is not very good for our finances, this is where it is a waste.

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.

If we rent a place to live, of course, it has become a basic need that we must fulfill, although renting is indeed a waste that we must go through, but besides we rent we must have a target to make a savings to be able to buy our own house, because renting a place to live for a long time is certainly not what we want, then we must be able to live reasonably in the place we have rented because not all places we rent can be comfortable for sure There are many shortcomings, and all need a process to be able to have their own place.