it all depends on the income I think .
I think buying by credit at the bank is better than continuing to rent continuously,
When renting, we have to set aside money every month to pay the rent that will be due, but how long will we rent?
if we buy a house or apartment by credit/borrowing money at the bank I think it's the same as us renting but after the sale and purchase contract is completed we can own the apartment house that we rent from the bank
Topic: Rent or buy real estate - let's have a debate - page 11. (Read 1323 times)
I think Buy Real Estate is the best solution, if you are still rent to stay, then you should immediately take concrete action by immediately taking home credit, if we have a home credit then we have done 2 good things that are saving and stopping costs due to rent, if we continue to rent So we can be sure the future will be more difficult because the price of property is certainly more expensive.
Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.
What will be the best route to take? Buy the property or stay in a rented place?
What will be the best route to take? Buy the property or stay in a rented place?
That's if I'm to take the loan from the bank, well it all depends on your pocket (if it's financially healthy, that's to pay back) because to me I'd say buying a property is the best. Having the property to yourself won't warrant anybody to come ask for monthly or yearly rent, the only bill you'd pay doesn't concern anyone outside your property. But renting it would attract more expenses, you have to work yourself out, you'd work x2 of your working hours just to meet up expectation.
if I have to choose to rent or buy a house with debt, I prefer to rent a house. the reason is quite simple, because I don't want to be in debt and be burdened with high bank interest. by renting I can rent a house in a more strategic location which can save my time anywhere. I can also set aside part of my income for more profitable things.
even though I have to choose to buy a house, I prefer to buy it as an investment using cash, of course. even though I have to spend quite a lot of money at least I can avoid high interest.
even though I have to choose to buy a house, I prefer to buy it as an investment using cash, of course. even though I have to spend quite a lot of money at least I can avoid high interest.
OP, this has been a very good topic for years now.
I think people should have a two pronged approach to this, namely to "own" a property first and not to enrich other people ...while they can enrich themselves. A property are seen as an asset..... and a rented property as a debt, so I think it will be better to work towards a future, where you repay your bond and you create an asset.
I started with a small flat and I worked my way through some high interest rates to own my first property. I then sold that property and I bought something bigger..... I would have never been able to buy the property I own now, if it was not for that first property.
Once you acquired your first property, you can work on getting a second investment property to boost your portfolio.... then your property starts working for you. A person renting a property...does not have the bargaining power to get a loan for a second property, if they do not have assets to back up that loan application.
I think people should have a two pronged approach to this, namely to "own" a property first and not to enrich other people ...while they can enrich themselves. A property are seen as an asset..... and a rented property as a debt, so I think it will be better to work towards a future, where you repay your bond and you create an asset.
I started with a small flat and I worked my way through some high interest rates to own my first property. I then sold that property and I bought something bigger..... I would have never been able to buy the property I own now, if it was not for that first property.
Once you acquired your first property, you can work on getting a second investment property to boost your portfolio.... then your property starts working for you. A person renting a property...does not have the bargaining power to get a loan for a second property, if they do not have assets to back up that loan application.
What will be the best route to take? Buy the property or stay in a rented place?
The two options are good and non is bad to take but one is more preferred than the other, no one will be privileged to own a property and will rather prefer renting it, the reason why most people conclude on renting is for them to have an extensive period for repayment and they can only get through this by applying through mortgage, whereby they have a steady source of income that generate them financial flow, inwhich there will be a monthly deductions from their earnings to go for repayment after signing the agreement, so it all depends on how one is financially capable or incapacitated.
If you have money at hand without taking a loan, I'd suggest purchasing property, otherwise stay at a rented place. It's just personal opinion, I prefer no debts hovering over my head.
Buying 100%. We are considering it as me being financially capable right? Honestly just the fact that you have something under your name is an advantage in of itself already. Now if you wanted to grow it then that's something you'd have to put effort in but honestly it's already a plus if you were able to buy it in the first place.
You can even rent part of the place if possible to generate more income to help the payments and after that, it's just money. Granted big payments may be needed every noe and then due to development, but seeing as you're already capable of buying the land itself, I don't think prior payments would pose much of a problem if planned properly.
You can even rent part of the place if possible to generate more income to help the payments and after that, it's just money. Granted big payments may be needed every noe and then due to development, but seeing as you're already capable of buying the land itself, I don't think prior payments would pose much of a problem if planned properly.
For me, there's no debate on the issue. Buying real estate is always better than renting. I can list my own reasons. First off, it will be yours. That you won't be renting forever is enough reason for me to favor buying your own house.
I was actually happy when I read the book The Richest Man in Babylon and found out that one of the tips mentioned was to "own your home." I couldn't agree more.
You can renovate it freely, adjust the design later on according to your own taste and needs, use it as a collateral for a loan, sell it, and so on. You can do whatever you want with it. It is frustrating to always defer to your landlord on all decisions about the place you're living in.
Moreover, with inflation, what you will be paying in the years to come for your own house will actually be worth less.
I was actually happy when I read the book The Richest Man in Babylon and found out that one of the tips mentioned was to "own your home." I couldn't agree more.
You can renovate it freely, adjust the design later on according to your own taste and needs, use it as a collateral for a loan, sell it, and so on. You can do whatever you want with it. It is frustrating to always defer to your landlord on all decisions about the place you're living in.
Moreover, with inflation, what you will be paying in the years to come for your own house will actually be worth less.
Always buy... rent is throwing money into the wind.
Established business people look more at the potential benefits and financial risks in detailed calculations between renting and buying, most of them choose to rent because of course they know where large amounts of money should be managed. Let's just say, they can manage the allocation to buy a property that brings in huge profits on a regular basis, so that it takes even a fraction of those profits to cover the cost of the rent.
Whether you rent or buy the property needs to be prioritised based on one's plan. If you've settled everything in the location (business/job) and you've got good finance to support buying a property, then it is good to go for buying.
When you're no more in a position to stay on particular location and wants relocation due to business or for your professional needs, then the right choice is to rent. If you've got good sum of money after your regular needs and support buying a property then go for it. This is a big investment and could create income through renting the property with which the loan can be repaid.
When you're no more in a position to stay on particular location and wants relocation due to business or for your professional needs, then the right choice is to rent. If you've got good sum of money after your regular needs and support buying a property then go for it. This is a big investment and could create income through renting the property with which the loan can be repaid.
Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.
What will be the best route to take? Buy the property or stay in a rented place?
You know, when I first read the part where you talked about being capable, I thought it was going to need just that (having your own well enough money to buy what you want or wish for) but instead, it ended in a loan, a loan! Common on, both options aren't enticing but on the whole, I like owning my own stuff. I might just as well buy the whole thing rather than keeping up with the rent.What will be the best route to take? Buy the property or stay in a rented place?
It's so hard having to live as a tenant to some landlord or land owner that could evict you on a hood reason, bring up policies that would require your forced compliance and lots more.
I think you ow of tw best thing to do is scale the interest rate om it, the timing to pay up and be free and then, you ensure to handle it good.
I'll buy the property and have it rented while I am also renting. But I'll make sure that the rent of my own property is going to be enough to cover the mortgage and my rent as well.
I'll have a cash flow and that's going to help me understand why renting is just temporary and I'll still want to own my property in the near future. It may take time and it's not easy but the important thing is I'll own it someday when I am done paying the property. But the best scenario is that when you're able and you've got enough savings and cash, I'll pay the property cash so that I won't think of anything everyday for how many years and I can sleep tight and very well in the evening.
I'll have a cash flow and that's going to help me understand why renting is just temporary and I'll still want to own my property in the near future. It may take time and it's not easy but the important thing is I'll own it someday when I am done paying the property. But the best scenario is that when you're able and you've got enough savings and cash, I'll pay the property cash so that I won't think of anything everyday for how many years and I can sleep tight and very well in the evening.
Always buy... rent is throwing money into the wind. Sure there is liability's or upkeep and maintenance costs with owning a home but its more of an investment. Your mortgage is going towards your principle and your building equity. Not to mention it depends the area you are purchasing in. In 10-20 years that homes value can increase significantly meanwhile rent will only increase thus your paying out more and more. You can always purchase a home in your means where the mortgage is almost the same as your rent. I would only see renting as a plus in certain situations or scenarios. If you have high income then you could rent to make life easier or maybe you travel a lot and don't need a big home or have the time to maintain and upkeep. SO yea some other users are right in whats the situation. As far as investment and return on investment obviously purchasing would make more sense.
I have been debating about it with couple of my colleagues whether stay on rent or buy a property.
Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.
What will be the best route to take? Buy the property or stay in a rented place?
The usual appreciation rate of your property value is around 10% owing to the development work that are ongoing. For rented property, your rent increases by 15% every year.
What's the better option for you and why?
Totally depends on you since its your money or investment after all.Choose on which you do see that you would really be able to benefit but in overall real estate business or having property is always been that an advantage because of having that potential earning income month by month and the appreciation when it comes to such property but of course it would really be depending on where it is located or having those check marks in speaking about those main factors. Renting it out and its income would be the ones would be paying up for mortgage? Its ideal but you should be prepared because not all the times your unit does haveLet's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.
What will be the best route to take? Buy the property or stay in a rented place?
The usual appreciation rate of your property value is around 10% owing to the development work that are ongoing. For rented property, your rent increases by 15% every year.
What's the better option for you and why?
a tenant which means if a certain contract expires then you should really be preparing up on paying up the mortgage which its just common sense.
On the time that you would really be able to own such unit or property then this is where real income would flow through. There would be no deductions considering that you do own the unit
plus on the time that you do need more money to have a capital on other business then you could really always appraise your property.
Nobody to be like staying on a rented apartment than having your own apartment purchased by yourself or build by yourself so I believe in my own property not in another person's property because there will be a lot of condition that will been attached to it if you are living in Apartment that is not yours you have a condition which if you don't meet up on that condition you might the great up from that particular place with immediate effect
I do not think that a final rule can be reached about which is better in what looks like a comparison. From a general point of view, owning a property would be better than having to rent it, but this depends each time on the purpose of the process and the financial situation of the person. For example, it would be better to own the house in which we will stay so that we do not have to pay a monthly fee throughout our lives or have to change it every time, but this is relative, since there are people who do not prefer to live in one place throughout their lives.
From a personal point of view, I prefer owning real estate for investment purposes, and with regard to the requirements of my daily life, renting real estate gives me more freedom to change and roam.
From a personal point of view, I prefer owning real estate for investment purposes, and with regard to the requirements of my daily life, renting real estate gives me more freedom to change and roam.
What will be the best route to take? Buy the property or stay in a rented place?
Renting is done only on stuffs that incurs taxes and also when you don’t want that stuff permanently. As for renting or owning a house it depends on the nature of your work because for someone that works in an organization that he or she can be transferred any time then renting seems the better option. But if it is the other way round like you would be staying there likely permanently because you have a stable job then one needs to go for owning a house. Owning a house gives you the option of fashioning the house to your taste and also making your decision. Again with proper maintenance owning a house only increases its value. Also if a loan is taken and it is sufficient to buy a house then it should be bought because renting an apartment or house with loan funds only brings about loss except it is a business place
It depends on lots of things, but following the information given, it will be better to buy the apartment. There's every possibility that the property will appreciate so you can sell it off if you have no use for it in the future.
Also, it depends on what you need the property for. If it's just for a short period, there's no need to take a risk by taking a loan to buy the apartment.
If the reason for buying the property doesn't work, you can put it for sale. Or better still, put it up for rent. So there's no big issue there. The problem comes when the property depreciates due to different factors. If the property appreciates, people will seek that kind of apartment. It would be easier to sell or rent and turn it out as a source of income.
Also, it depends on what you need the property for. If it's just for a short period, there's no need to take a risk by taking a loan to buy the apartment.
On the one hand, renting real estate is a good thing. If, for example, the store does not bring in the expected income, you can simply open a store elsewhere. If, however, you bought the premises as property, and the business went bust, you will have to think about how to sell the premises at least at the value at which they were bought.
If the reason for buying the property doesn't work, you can put it for sale. Or better still, put it up for rent. So there's no big issue there. The problem comes when the property depreciates due to different factors. If the property appreciates, people will seek that kind of apartment. It would be easier to sell or rent and turn it out as a source of income.
Both have their positive and negative sides and depend on a number of factors, for instance the location of your country. If I were somewhere close to a war zone, like in the Baltic countries, Belarus, Moldova, I wouldn't plan on buying, at least until the situation calms down.
If you know the problems people face in Spain with occupants, you'd think twice before buying a property there.
Buying property:
You have your own place that nobody can kick you out of.
You decide how it looks, what repairs are required, you can remodel it the way you like.
If managed in the right way it's going to grow in value, but will lose value if neglected.
Makes it harder to move.
Can be robbed, or vandalized.
Renting out:
More expensive in the long run.
You can get a difficult landlord.
Less freedom in remodeling.
Allows you to move out whenever you like.
Gives you more time to decide on whether you want to live and work in that area.
If you know the problems people face in Spain with occupants, you'd think twice before buying a property there.
Buying property:
You have your own place that nobody can kick you out of.
You decide how it looks, what repairs are required, you can remodel it the way you like.
If managed in the right way it's going to grow in value, but will lose value if neglected.
Makes it harder to move.
Can be robbed, or vandalized.
Renting out:
More expensive in the long run.
You can get a difficult landlord.
Less freedom in remodeling.
Allows you to move out whenever you like.
Gives you more time to decide on whether you want to live and work in that area.
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