What's the better option for you and why?
The decision between renting and buying completely depends on your intention to make it a source of passive income, or your goal is to make significant profit through capital appreciation in the long term. However, considering the increasing interests rates trend world wide, the property market is not performing well, Therefore, It is advisable to carefully evaluate your financial situation and conditions of the local real estate market before making any decision.
Topic: Rent or buy real estate - let's have a debate - page 3. (Read 1388 times)
Real estate is not always best investment kinds, depend with politician and government business can make real estate have highest or lowest price on the future. Depend on investment kind in cryptocurrency, real estate has completed problem with highest tax fees until located from real estate not worth yet at the future. Based on what happen in my country Indonesia, with new the nation's capital move to other island has impact with real estate drop on previous nation's capital, but there are not guarantee with new nation's capital with highest values at the future because new government has new decision to extend or not with last government project.
I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.
If you don't think real estate is the best investment, which is the most worthwhile? Government or politicians can control the price of real estate, but once demand exceeds supply, no one can control its price. You should remember that real estate is also an asset that cannot be created more, and the population is constantly growing. It can be said that the demand for real estate will never disappear as long as people exist.I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.
To put it bluntly, those like to invest in cryptocurrencies because they want high returns and are willing to take risks to earn more money. The majority of people who invest in crypto don't have a lot of money to invest in real estate, and they see cryptocurrency as the only solution to help them make a lot of money quickly.
I'm also someone who doesn't have a lot of money to invest in real estate, and I choose crypto instead, but I don't want to lie that crypto is better than real estate.
Real estate is not always best investment kinds, depend with politician and government business can make real estate have highest or lowest price on the future. Depend on investment kind in cryptocurrency, real estate has completed problem with highest tax fees until located from real estate not worth yet at the future. Based on what happen in my country Indonesia, with new the nation's capital move to other island has impact with real estate drop on previous nation's capital, but there are not guarantee with new nation's capital with highest values at the future because new government has new decision to extend or not with last government project.
I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.
I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.
Real Estate is not my thing and it may never be my thing, because it's a longer journey than crypto investment, a Real Estate investor need to have twice as patience of a crypto investor to achieve anything and yes it's safer than Crypto investment, but ROI wise, Crypto beats Real Estate investment marginally. I will gladly go all in on Bitcoin investment even while it's the riskier one over Real Estate any day.
[Real Estate investment is the safest and most promising profit if we enter it with patience
It is not correct to generalize like that, this statement has nothing to do with the economic realities of many countries. In some states, it is very typical when you buy real estate in the hope that it is a very reliable, stable and income-generating asset that will increase in value over time, but in fact, after a couple of years, you are faced with the choice either to sell it at half price or continue ownership at a loss. And if a war also breaks out in the country, as in my case, then your property becomes more of a burden, if it is not destroyed at all after constant missile attacks. So it all depends on the conditions. In my situation, real estate is far from the safest and most promising profit, although I entered it with patience.
Buying a property can provide long-term stability and the potential for appreciation, especially if the property values are rising. It also offers the freedom to customize your space and build equity over time.
if you already have good enough financial strength and have enough money to buy Real Estate then of course Real Estate investment is the safest and most promising profit if we enter it with patience. because we cannot enjoy the benefits of Real Estate in a short time. but it takes quite a long time to make its value increase significantly which brings multiple benefits for us Real Estate holders. I personally also have the main focus to grow my investment in this field. 
What will be the best route to take? Buy the property or stay in a rented place?
It depends on each other's abilities because not everyone has the money to buy a house to live in. When your finances are not stable, choosing to rent is far more appropriate than forcing a purchase by taking a loan from another party. Because we are not so sure about our ability to pay off the loan to buy a house, it could be that on the way we lose our job and finally we are unable to pay the monthly fee for the loan taken.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?
Under these circumstances there may be several factors that need to be considered according to our ability to buy or rent. When the nature is to buy then 10% or more of the costs incurred is not a problem because the property will be ours, the cost of ongoing construction work is also an adjustment to the dwelling we plan to build as a comfortable place to live.What's the better option for you and why?
When the choice is to rent, the consequence is that the rental price will continue to rise and we as tenants cannot do much. When asked the choice of buying or renting? the answer goes back to each person according to his ability and it is better to buy, even if by saving first to raise money.
If at this time we are still renting a house then we must have a target to own a house in the next 1 or 2 years, it doesn't matter if we have to have a house loan, if we continue to rent, it is certain that property prices will continue to rise and it will be increasingly difficult to own a house, to be able to achieve this goal, of course, we must be able to save money or increase our source of income.
Everyone wishes to have their own place where they can live and no one wants to live on rent but it depends on the resources. I think that you are right that those people who are on rent will surely be in struggle to buy their own place and because of this struggle they will worked hard, reduces their expenses, and enhancing the way of earning money and it is possible that for this dream they start to involve in dual jobs as a single job is not enough to complete this dream.
The price of property increase it is true but instead of property everything goes to peak in price so we should try and work hard for everything to buy on time as it will be easy for us to manage and handle it on time in lower price.
If at this time we are still renting a house then we must have a target to own a house in the next 1 or 2 years, it doesn't matter if we have to have a house loan, if we continue to rent, it is certain that property prices will continue to rise and it will be increasingly difficult to own a house, to be able to achieve this goal, of course, we must be able to save money or increase our source of income.
Everyone wishes to have their own place where they can live and no one wants to live on rent but it depends on the resources. I think that you are right that those people who are on rent will surely be in struggle to buy their own place and because of this struggle they will worked hard, reduces their expenses, and enhancing the way of earning money and it is possible that for this dream they start to involve in dual jobs as a single job is not enough to complete this dream.
The price of property increase it is true but instead of property everything goes to peak in price so we should try and work hard for everything to buy on time as it will be easy for us to manage and handle it on time in lower price.
I watched something related in this topic. He bought a real estate and use it as an airbnb while renting a space for his family which will suffice their needs. He enjoys the fruit of his decision, earning some while paying their mortage. The other one is, only used portion of the propety then develop it for airbnb also. So it really depends on how you handle.
Buying a property can provide long-term stability and the potential for appreciation, especially if the property values are rising. It also offers the freedom to customize your space and build equity over time.
On the other hand, renting offers flexibility and less responsibility for maintenance and repairs. It may be a better option if you prefer not to be tied down to a specific location or if you're uncertain about your long-term plans.
To make an informed decision, consider factors like your financial situation, lifestyle, and future plans. It can be helpful to consult with professionals, like those at https://axonproperties.ca/, who can provide expert advice and insights into the local market.
On the other hand, renting offers flexibility and less responsibility for maintenance and repairs. It may be a better option if you prefer not to be tied down to a specific location or if you're uncertain about your long-term plans.
To make an informed decision, consider factors like your financial situation, lifestyle, and future plans. It can be helpful to consult with professionals, like those at https://axonproperties.ca/, who can provide expert advice and insights into the local market.
When you buy land/bitcoin to speculate for profit, you are affecting other people's lives. All are financial markets, and money is not born on its own, but from person to person. I mean, when you take profit, it means someone bought at a higher price and suffered a loss. The marketplace is a battleground where smart people win by taking money from other stupid investors. It's a financial harshness that many people don't understand.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
I don't agree and I'll make my point!
No one is forcing you to buy land/apartment/car at the price at which it is being sold. You are not forced, it's your decision!
It should be understood that all this is controlled by the MARKET, or rather the RESEARCH and OFFER.
Another thing to clarify - what you wrote that "when you fix a profit, it means that someone bought at a higher price and suffered a loss" - this is a delusion - he bought at a MARKET and ACCEPTABLE for him price. And he will have a loss if he sells that item for LESS than the purchase price.
Also, your assertion about market pricing and high-cost buying seems to bypass market manipulation possibilities. Contrary to your claim, one can experience a loss when buying at inflated prices, notably in fluctuating markets or during economic slumps when assets frequently lose value
If at this time we are still renting a house then we must have a target to own a house in the next 1 or 2 years, it doesn't matter if we have to have a house loan, if we continue to rent, it is certain that property prices will continue to rise and it will be increasingly difficult to own a house, to be able to achieve this goal, of course, we must be able to save money or increase our source of income.
Everyone wishes to have their own place where they can live and no one wants to live on rent but it depends on the resources. I think that you are right that those people who are on rent will surely be in struggle to buy their own place and because of this struggle they will worked hard, reduces their expenses, and enhancing the way of earning money and it is possible that for this dream they start to involve in dual jobs as a single job is not enough to complete this dream.
The price of property increase it is true but instead of property everything goes to peak in price so we should try and work hard for everything to buy on time as it will be easy for us to manage and handle it on time in lower price.
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?
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?
If my monthly income or financial situation is sufficient to cover the prepayment and bank loan installments my preference will be to buy the property directly. This option will not only help to avoid rent expenses that we can consider as unnecessary expenses every month but will also contribute to our ownership of property after the debt is completed. Also, considering that the property will increase in value until the debt process is completed, I will have made an indirect investment. On the other hand, after purchasing the property under certain conditions there will be no change in the amount of installments to be paid or the increase in the amount of installments will be very low. Unfortunately, when it comes to renting a property this amount will increase each year and will continue to increase as a percentage each year if the earnings or salary are stable.
In summary, considering the mentioned conditions I think that the option of buying a property is more logical and attractive than the option of renting a property.
When you buy land/bitcoin to speculate for profit, you are affecting other people's lives. All are financial markets, and money is not born on its own, but from person to person. I mean, when you take profit, it means someone bought at a higher price and suffered a loss. The marketplace is a battleground where smart people win by taking money from other stupid investors. It's a financial harshness that many people don't understand.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
I don't agree and I'll make my point!
No one is forcing you to buy land/apartment/car at the price at which it is being sold. You are not forced, it's your decision!
It should be understood that all this is controlled by the MARKET, or rather the RESEARCH and OFFER.
Another thing to clarify - what you wrote that "when you fix a profit, it means that someone bought at a higher price and suffered a loss" - this is a delusion - he bought at a MARKET and ACCEPTABLE for him price. And he will have a loss if he sells that item for LESS than the purchase price.
In my current situation, where I live and the condition in the area. I am renting a flat in a big city metropolitan area, working on a company that earns good salaries that is enough to fulfill my needs, while I am paying mortgage, buying piece of land in some village remote -but not very remote- area that is still developing and will be at least a small city with good public facility in 5-10 Years.
My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
I think your condition is actually in pretty good shape. So whatever choice you take, I think it can still be a good thing and quite profitable. but if you can still continue to earn more from your current job and can pay rent and also can even repay or buy property in rural areas then I think it's better for you to continue as you are now. ie produce more and buy more land property in the countryside. and the land property will even continue even if you don't sell it now. so that's me then I'm not going to sell it. because it will continue to multiply year after year if it is not sold.My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
Not to lecture or anything. Even though I bought the land for investment and speculation, but I don't think hoarding land investment is a good thing and ethical, this is what made housing market soaring, it makes people who actually needs housing can't afford any, and I just don't want to be part of the cause. I don't have problem with people who are doing that, I still think they shouldn't do that, but government still allowing land and real-estate to be hoarded as investment so yeah, people can do what they want, but I just won't do it.
If you think that hoarding land for profit is unethical and not good, then investing and speculating in your land is no different than hoarding land. So your statements are contradictory in the first place. If holding land to get rich is unethical, what is holding bitcoin called? Because you are also contributing to the price of bitcoin and making it difficult for many people to buy bitcoin. Just like land, hoarders will be happy when the price rises, but those who need it will buy it at a very high price, and this applies to all properties, not just real estate.
Your first statement might be arguable, some people think that might be contradictory, but for me I am not directly contribute to the housing problem because I only buy what I need, I don't buy many lands/housing that I don't need and just speculate on it, I only buy land that I need to build a house that I need, so I only buy the thing that I need. It's only bad if someone buy large/multiple area of land / housing that they don't need and speculate on it. For short, I don't contribute to housing problem since I am not hoarding house for investment, but I take advantage of it and that is also big if, if I sell my land, which is not my initial intention.
That was your first point, while your 2nd point comparing Bitcoin and Housing is very much non-sense. No one ever really need Bitcoin for their live, have you ever seen what happened to people who can't afford to buy/rent a place to live, they are very much in trouble. Now, have you seen what happened to people who can't or don't -because using bitcoin is optional- use Bitcoin, they still enjoying their live. So, in short speculate on housing/land is taking people's right of affordable housing, while speculating on Bitcoin won't give any significant effect on other people's life, so it's totally different
When you buy land/bitcoin to speculate for profit, you are affecting other people's lives. All are financial markets, and money is not born on its own, but from person to person. I mean, when you take profit, it means someone bought at a higher price and suffered a loss. The marketplace is a battleground where smart people win by taking money from other stupid investors. It's a financial harshness that many people don't understand.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
You don't get my point, sure speculating on Bitcoin mean it will make bitcoin price go higher and affect on other people's live. But are the effects at the same level that created by the housing market price soaring and people can't afford housing, please elaborate on what happened to people when they CAN'T AFFORD to buy Bitcoin, -not because they lose some money because they recklessly invest on it- do they suffer? do they struggling to keep their job because they life on the street? do they expose to criminality because they have no house as a safe place? because it happened to people who can't afford house, That's why comparing Bitcoin and Housing market is just non-sense
In my current situation, where I live and the condition in the area. I am renting a flat in a big city metropolitan area, working on a company that earns good salaries that is enough to fulfill my needs, while I am paying mortgage, buying piece of land in some village remote -but not very remote- area that is still developing and will be at least a small city with good public facility in 5-10 Years.
My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
I think your condition is actually in pretty good shape. So whatever choice you take, I think it can still be a good thing and quite profitable. but if you can still continue to earn more from your current job and can pay rent and also can even repay or buy property in rural areas then I think it's better for you to continue as you are now. ie produce more and buy more land property in the countryside. and the land property will even continue even if you don't sell it now. so that's me then I'm not going to sell it. because it will continue to multiply year after year if it is not sold.My plan is either I want to just move there where the area is developed enough or rather just sell it if I can at least doubled the price.
Not to lecture or anything. Even though I bought the land for investment and speculation, but I don't think hoarding land investment is a good thing and ethical, this is what made housing market soaring, it makes people who actually needs housing can't afford any, and I just don't want to be part of the cause. I don't have problem with people who are doing that, I still think they shouldn't do that, but government still allowing land and real-estate to be hoarded as investment so yeah, people can do what they want, but I just won't do it.
If you think that hoarding land for profit is unethical and not good, then investing and speculating in your land is no different than hoarding land. So your statements are contradictory in the first place. If holding land to get rich is unethical, what is holding bitcoin called? Because you are also contributing to the price of bitcoin and making it difficult for many people to buy bitcoin. Just like land, hoarders will be happy when the price rises, but those who need it will buy it at a very high price, and this applies to all properties, not just real estate.
Your first statement might be arguable, some people think that might be contradictory, but for me I am not directly contribute to the housing problem because I only buy what I need, I don't buy many lands/housing that I don't need and just speculate on it, I only buy land that I need to build a house that I need, so I only buy the thing that I need. It's only bad if someone buy large/multiple area of land / housing that they don't need and speculate on it. For short, I don't contribute to housing problem since I am not hoarding house for investment, but I take advantage of it and that is also big if, if I sell my land, which is not my initial intention.
That was your first point, while your 2nd point comparing Bitcoin and Housing is very much non-sense. No one ever really need Bitcoin for their live, have you ever seen what happened to people who can't afford to buy/rent a place to live, they are very much in trouble. Now, have you seen what happened to people who can't or don't -because using bitcoin is optional- use Bitcoin, they still enjoying their live. So, in short speculate on housing/land is taking people's right of affordable housing, while speculating on Bitcoin won't give any significant effect on other people's life, so it's totally different
When you buy land/bitcoin to speculate for profit, you are affecting other people's lives. All are financial markets, and money is not born on its own, but from person to person. I mean, when you take profit, it means someone bought at a higher price and suffered a loss. The marketplace is a battleground where smart people win by taking money from other stupid investors. It's a financial harshness that many people don't understand.
The government doesn't print money and distributes it to all of us for free, bitcoin/land, the price increase is due to speculation by people like you and me, all of us. Every market will have winners and losers, no market will all win.
Anyone, of course, wants to buy property because it becomes a basic need after consumption, unfortunately not everyone can afford to buy it so they have to rent, and the best thing is of course we have to continue to increase our sources of income so that one day we can buy property and not rent anymore.
This is the kind of response one could possibly get from a usual who don't usually read through the content of the OP before dropping their comment.
We all have basis needs and one need is more important than the other, in a case of the OP where you are giving an opportunity to get a loan, will you rather build a house with the loan or rent an apartment which do you think will be the best, I will say building a house will be more of a choice, since it will be convenience enough and save me the stress of paying bills all the time, and the loan will also be deducted from my salary which I wont have to worry about how the loan will be repaid.
Everyone wants to own their own real estate property. That's why most of them are unable to get it because of financial problems, and the others don't make a way to have it. Others to have their own property are going through 30 years to pay to have their own house and land. And the only ones qualified for this 30 years to pay are those who are regular employees or have their own businesses.
It's just because most of them are poor that's why they end up renting and making a strategy to earn money to cover their daily expenses.
It's just because most of them are poor that's why they end up renting and making a strategy to earn money to cover their daily expenses.
In school, thru our accounting, financial, and business subjects, we are taught that real estate is an asset which means it is beneficial because obviously, its value appreciates over the years.
In reality, though, not all of us can afford real properties. Or some can afford it but not to the same place they are working. But for people with limited resources, it's not like it is urgent. Instead of saving money to buy real estate, we can use that money to start a business. And once the business is earning regularly, we can apply for a housing loan.
Anyone, of course, wants to buy property because it becomes a basic need after consumption, unfortunately not everyone can afford to buy it so they have to rent, and the best thing is of course we have to continue to increase our sources of income so that one day we can buy property and not rent anymore.
Home is something that is very important for people because it is a place to rest after carrying out daily activities outside. If you can't afford it, the option you can take is to rent it, but how long do you have to live in a rented house? If the source of income is still not enough then forcing to build a house is also not the right decision, but this cannot be allowed to continue and we must find a solution to meet the needs of building a house to live in with our family.The solution is to increase savings for the target of building a house or try to invest in something that can maintain the value of the currency. This method can be implemented when people want to try to increase their sources of income and we also have to work hard so we can make the target of building the house.
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