Topic: Is renting an inevitable waste of money? - page 6. (Read 3202 times)

in the view of some people maybe they are better off buying a house on credit and paying for it over 10-20 years.
than that I prefer to build my own house and rent it first.
because the money you spent for those 20 years, you can use it to buy 2 houses at once.
you just need to patience.

in the view of some people maybe they are better off buying a house on credit and paying for it over 10-20 years.
than that I prefer to build my own house and rent it first.
because the money you spent for those 20 years, you can use it to buy 2 houses at once.
you just need to patience.

in the view of some people maybe they are better off buying a house on credit and paying for it over 10-20 years.
than that I prefer to build my own house and rent it first.
because the money you spent for those 20 years, you can use it to buy 2 houses at once.
you just need to patience.

From what I have experienced when lending money to a lending institution, they will offer us with easy terms and various kinds of loans in a persuasive way, but in persuasion to lend us bound by high interest rates. this is what I call high interest risk.

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.

From what I have experienced when lending money to a lending institution, they will offer us with easy terms and various kinds of loans in a persuasive way, but in persuasion to lend us bound by high interest rates. this is what I call high interest risk.

Risk is something that definitely exists, and every easy thing also has its own conditions in it so that everyone who takes a loan needs to understand and comply with the rules so that they avoid risks they don't want. And if someone needs a loan and can use their personal identity card for that, then don't think too much about the benefits that can be obtained by those who serve you in providing loans. Because lenders are always aiming for profits through the services they provide.

Mathematical calculations like that, friend, why not take out a loan to buy a place to live instead of having to spend money every month to pay rent. Isn't that what always crosses your mind?
If you want to take out a loan, what is the collateral? lenders (banks or other lending institutions will not simply disburse money without collateral). Borrowing money from moneylenders is not a good idea, especially in large amounts. It's like killing yourself because besides having to pay monthly installments, the interest is very high.

Wanting to have a private residence is a good idea, you should start from now by setting aside some money from your monthly income. Your concern about the three points above will increasingly make you trapped in a situation, you have to take a stand. As a man, you have an important role to play in providing a decent life for your spouse and children. Keep going, then take a stand after getting the best decision.

Still, in some cases, rent is quite justified. Registration in the property is quite a big expense, as well as certain risks. Economically sound renting allows you to run many businesses at the same time, save money for the purchase of a permanent home, and also gives you freedom of movement.

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.

Yeah if you have enough salary then you can go on it and take your loan, it's better to pay for something that you'll going to expect to be your own property unlike with renting where you will be paying non-stop.

You will continue paying as long as you need the place, but it will never be considered as your own properties,
where the big advantage when you own your house, you can consider it as good collateral when you need to
take loan for possible investment.

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.

Currently there are many services and conveniences for rating money, only with an identity card capital so we can get a loan without collateral with a repayment period of up to 2 years, and of course, easy loans have risks, namely very high interest of up to 100% in a year.

a good idea actually it's better to buy your own house or build your own house than having to rent for a long time, continuing to rent is very wasteful in my opinion.
But the big problem with building a house and buying a house is having to have cash, and most people don't have it unless they save or plan ahead.
but if you are someone who has a monthly income then you better take a big loan from a bank to build your house, and you can pay it every month

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.

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.