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Thread: Renting Vs Buying

  1. #1
    Join Date
    Sep 2009
    Posts
    172

    Default Renting Vs Buying

    A friend of mine said she doesn't renting a house for the rest of her life. I told her it's better to buy. What do you all think about this?

  2. #2
    Join Date
    Sep 2009
    Posts
    135

    Default

    If u buy a house, it can be considered an investment. Whereas renting, it's a liability.

  3. #3
    Join Date
    Jan 2011
    Posts
    5

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    This is a great time to buy property, but as an investment it will be many years in this market before you would see a profit. choose your house wisely as you will be living there for a long time. be prepared to incur the expense of home maintenance. If you are young and unsettled this would not be a good option.

  4. #4
    Join Date
    Jan 2008
    Posts
    560

    Default

    but now buying a house is not neccessary an investment. you can lost $ from investing in property too.

  5. #5

    Default

    It would be much better to buy our own house than to rent it would help you save more. Upon renting yes you only pay a certain amount monthly but the house would never be yours since you are only renting it.

  6. #6
    Join Date
    Jan 2008
    Posts
    560

    Default

    actually if you taka a loan from the bank, you are also considered renting from the bank what cos you don't own the deed.

  7. #7
    Join Date
    Feb 2008
    Posts
    393

    Default

    It depends.

    If the rental is cheap it may not be a bad option to rent.

    Of course bearing in mind that when you pay rental you do not get back any returns, the money is literally thrown away.

    Some people will choose to rent because what they bought they rent it out and collect an income from that and rent a cheaper place.

    It make sense if the party involve do not have a family as moving around renting with a family is not a good idea. With Kids you should give them a sense of security and moving around will certainly not give them any security in my view.

  8. #8
    Join Date
    Oct 2011
    Location
    US
    Posts
    6

    Default

    Buying a house is a better then renting a house..Because buying a house is your investment while renting is just liability and you can easily find large number of good houses if you'll contact some expert real estate agent..!!

  9. #9

    Default

    Quote Originally Posted by milooi View Post
    A friend of mine said she doesn't renting a house for the rest of her life. I told her it's better to buy. What do you all think about this?
    I think buy a house is better than Renting for rest of whole life....

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