This is an easy real world topic:
In my town Person A is renting a flat for 500 units a month, and rent out the flat short-term with AirBNB for 70 units a day. After 8 days the monthly fee is back in the pocket.
Of course, you can do it with a bought flat and with a rented flat. But when you rented it, you do not need to care about major repairings / repairing reserves. Of course, when you buy you do have one tax adventage per flat, but also the risk of devakutation of the flat value through changing neigbourhoods.
Topic: Rent or buy real estate - let's have a debate - page 7. (Read 1388 times)
If you have a lot of money lying idly on banks, buying out real estate might be the best deal for you and then renting it out. If not, then you might as well just rent for places and just invest on other assets. There are a lot of things to consider when buying a house. You do not only need to meet the mortgage entailing with buying one, you also have to take into consideration renovation, upkeep, and upgrade fees. Buying a house takes a lot of money, and even if you are someone that has the $$$, you'll still have a hard time maintaining it and it's basically just an asset that deteriorates over time, though if the land that your house is sitting is also named under you, and is strategically located, you might as well just buy one. But how many such houses and lots are still available to be had in a reasonable price today anyway?
This is what it makes it such a difficult decision, in theory buying a house is the superior choice over renting, but there are many circumstances in which this is not the case, and an example of this is this market, for the price of a house a considerable amount of bitcoin can be bought, so what is the best move? To buy a house now or to rent and use the rest of that money to buy bitcoin and then sell as close to the top as we can? And in my mind the latter option is the best out of the two by a wide margin.out or you wouldnt be bothered on what would be its value on upcoming years to come but if you do have purchased or bought other property then for sure you would really be having mainly in mind on what would be its resale value overtime. When you are still renting even up to this moment then you would be always having those kind of thoughts that you should really need to buy a house to save up or rent-to-own which it is
really that having in our minds. Buying up something like property using up Bitcoin then i would say its a bad idea, you cant really be sure that those money that had been used would be how many folds in the future
this is why always consider on making use of fiat and dont ever touch up with your crypto holdings or investment because you dont know that it would be making up some tons of profits
in near future.
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.
It’s always a perfect choice to buy the property and let it do business for you. That will make you financially secured in the long run, as long as you manage your finances well and not try to live above your means. But if you think renting this time is all you can afford, since you don’t want to take a loan also, then I think it’s also reasonable enough as long as you also save for your future plans. 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.
Mate, it all depends on the nature of your job. If your job is the one that always encourage you and your family to travel from one country or location to another, there is no need to buy. Just keep renting until you are ready to retire and you will have enough money to build yourself mansion. If your job relocates you, you will end up building in one location and paying rent in another location.
But if your job doesn't rotate you, and you have a family, it is then advisable to build.
But if your job doesn't rotate you, and you have a family, it is then advisable to build.
If you have a lot of money lying idly on banks, buying out real estate might be the best deal for you and then renting it out. If not, then you might as well just rent for places and just invest on other assets. There are a lot of things to consider when buying a house. You do not only need to meet the mortgage entailing with buying one, you also have to take into consideration renovation, upkeep, and upgrade fees. Buying a house takes a lot of money, and even if you are someone that has the $$$, you'll still have a hard time maintaining it and it's basically just an asset that deteriorates over time, though if the land that your house is sitting is also named under you, and is strategically located, you might as well just buy one. But how many such houses and lots are still available to be had in a reasonable price today anyway?
This is what it makes it such a difficult decision, in theory buying a house is the superior choice over renting, but there are many circumstances in which this is not the case, and an example of this is this market, for the price of a house a considerable amount of bitcoin can be bought, so what is the best move? To buy a house now or to rent and use the rest of that money to buy bitcoin and then sell as close to the top as we can? And in my mind the latter option is the best out of the two by a wide margin. 
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?
It really depends on your situation. If ypu are still transitioning and don't know where you eventually want to settle down I would rent. The downside of renting is that you can't control your overhead costs like rent $. The downside to owning in the short term is that the market could drop and if you wanted to move would be upside down on your investment. If thinking longterm stay I'd always go for buying vs renting.
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?
If I have the opportunity to buy a property through a bank loan I would buy it and then rent it out. This way I am sure that I will be able to pay back the bank loan. My reason for this is that if I buy the property and live in it what if I lose my job tomorrow I would not be able to pay the bank loan. Buying the property and putting it out for rent is the best strategy true repay the bank loan while having some extra cash left and savings from my income as well. 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?
Buying a real estate is highly advisable than renting instead, that is if your finances is already capable to acquire a new property. Even if you spend big today, at least you will also gain high returns on it if you make it a business site. However, if buying at the moment will only make you struggle in your finances, then just leave it as your future plan. What is more important at the moment is your own survival rather than acquiring new property.
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?
Defo buying is much better. In both cases you're paying money but if you're renting it's money gone and you won't get the property as a result. If you choose to buy, you end up owning the property and the price has most likely gone up too.
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?
Real estate is the best one with mail knowledge.It’s essential one to have trade to Real estate.It’s essential to have some quality partners in the deal.By buying car use bank loan,you will become free from the rent.When the rent money reduced from your expenses,you can save another money and can involve in the crypto business.
on buying a specific condominium unit on which i would really be able to make it for rent.On the time that i did get a client and making or getting some monthly rent for minimum 1 year contract
but renewable.I do able to pay up its monthly mortgage plus profits on which i could say that it is really that generating income.Although it wont really be an assurance considering that
not all the time that you would really be having a client and thats the risks on having this kind of business. This is why you should really be wise on finding other source on which
you could really be able to pay up those mortgage on the time that you arent really that getting or making something, so that it wouldn't really be that unit wont really be surrendered.
Do your best on finishing up a loan and acquiring units because time will come which value would really be appreciate.
Renting or buying only depends on the financial situation we have. If I felt I could afford the property even though I was only young - then I would buy it instead of renting it. In the meantime, I may need to consider leasing the property for a few years if I can't afford it in full already - but only for a term of maybe less than 10 years while saving.
It may take extra consideration to buy it in installments - it also depends on your income. I'm not going to burden myself with buying something in installments - it's too stressful. My principle is only one - if I can't afford it in cash then I have to save until I can afford it.
It may take extra consideration to buy it in installments - it also depends on your income. I'm not going to burden myself with buying something in installments - it's too stressful. My principle is only one - if I can't afford it in cash then I have to save until I can afford it.
Real estate is the best one with mail knowledge.It’s essential one to have trade to Real estate.It’s essential to have some quality partners in the deal.By buying car use bank loan,you will become free from the rent.When the rent money reduced from your expenses,you can save another money and can involve in the crypto business.Cryptocurrency surely with get huge potential to give huge profits.
For clarity sake you said what's the best option buying the property and rent when you actually have the funds for both, this is really a good question.
Well this is not a straight forward question because there are alot of other things you would have to consider like sites of the property, your preference, your family choice and generally what suits you.
Personally I have always love to own my own house but I would not want it in the form of loan or paying mortgage I would love to have my property bought in full, if it has to be about taking loan for mortgage I would rather prefer to rent, I know people who tried to pay for their mortgage all through their lives.
Well this is not a straight forward question because there are alot of other things you would have to consider like sites of the property, your preference, your family choice and generally what suits you.
Personally I have always love to own my own house but I would not want it in the form of loan or paying mortgage I would love to have my property bought in full, if it has to be about taking loan for mortgage I would rather prefer to rent, I know people who tried to pay for their mortgage all through their lives.
If you have a lot of money lying idly on banks, buying out real estate might be the best deal for you and then renting it out. If not, then you might as well just rent for places and just invest on other assets. There are a lot of things to consider when buying a house. You do not only need to meet the mortgage entailing with buying one, you also have to take into consideration renovation, upkeep, and upgrade fees. Buying a house takes a lot of money, and even if you are someone that has the $$$, you'll still have a hard time maintaining it and it's basically just an asset that deteriorates over time, though if the land that your house is sitting is also named under you, and is strategically located, you might as well just buy one. But how many such houses and lots are still available to be had in a reasonable price today anyway?
The dream of owning a home holds greater significance for someone who desires to have a family and raise children. However, for an individual living alone without a family, their dream may not be as grand. They find contentment in simply renting a house or dwelling that meets their needs. Essentially, as long as they are living alone, working, eating, and maintaining their living space, renting remains the simplest option. Considering the demands of the working world, it would be impractical for them to handle gardening, fixing a leaking roof, or repairing aging walls.
Their perspective changes when they find their life partner. This signifies the beginning of having a family that requires a permanent place to live, just like a typical home. The wife can reside in the house and take care of it, while the husband can work to support their family.
Dream? I do not see that as a dream, owning your own house is great and all but it is a huge amount of money tied every single month, if you give me enough money to buy a house, I could literally just end up getting the same money and use it for income purposes, which would cover my rent and everything else.Their perspective changes when they find their life partner. This signifies the beginning of having a family that requires a permanent place to live, just like a typical home. The wife can reside in the house and take care of it, while the husband can work to support their family.
Even the simples "buy a bigger house, rent it out, and live in a smaller house on rent" would be better than that if you really want to, instead of own your own house. I say this as someone who do own a house, so I did it already and I can say that it was a bad move. The amount of money this house worths now compared to when I bought it is insane, my house worths more money than I would make in 20 years, imagine how much waste that is.
from 0 to 100%
1. Rent - I'll say 30 % for me is okay within age 25 - 40, this is what normal people do.
2 . buy a real estate for me it's 70% YES from Age 41 up until you die ~ you will want Peace at this age and no More Drama.
Wherever you may go or stay you will always look for a place that you will feel "HOME".
The latter part is true. 1. Rent - I'll say 30 % for me is okay within age 25 - 40, this is what normal people do.
2 . buy a real estate for me it's 70% YES from Age 41 up until you die ~ you will want Peace at this age and no More Drama.
Wherever you may go or stay you will always look for a place that you will feel "HOME".
Whenever you are and whatever you life are living, you'll still have that one special place in your heart and that's what you wanna call home. Regardless of how good you are as an investor or a realtor, still, you'll have that place where you just want to stay and have a good day.
And for the young ones, if they're capable of having a home, do not hesitate and evaluate yourselves and get a home while you're still young.
~snipped~
...and to some religionists, this is also applicable.I will try and answer the rest of the valid but lengthy questions you asked in the subsequent paragraphs in this comment and to that effect I posit that nothing can be taken as a certitude in this life. Life is subject to change and that's why change is the only constant thing in life. Ask those who became rich and famous now if they knew they would become this way today and the honest ones will tell you they never thought so. It's the same way when you interrogate the once wealthy folks who are in bad shape today if they ever thought they would wreck. However, I do know that before companies give out loans to their staff there are stuff put in place to protect the companies in the case of the inevitable. Again, demotion of staff doesn't easily happen except it's in companies run without rules.
Everyone dreams of having their own house and land, but most of them do not achieve it, but the majority of them just rent a house that is not theirs. And the reason for most of them is that their salary is not enough in this regard.
So what others said here is correct that it depends on the financial status that you have. Especially in these times, it is necessary that you have enough money to have your own land and house.
So what others said here is correct that it depends on the financial status that you have. Especially in these times, it is necessary that you have enough money to have your own land and house.
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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.
It turns out that you already know the solution, which is to save money and continue to increase your income. Because without doing these two things, of course it will be difficult to have your own house even though it has been made a mission to achieve it, especially if someone is still renting in someone else's house, it is certain that every month he has to save a little money for further rent. So there will be no savings for him to build a house in the future if he doesn't have extra income in his life. This will obviously make someone have to keep working hard tirelessly to realize their own expectations by continuing to apply savings accompanied by having additional income.
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.
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