Renting Vs buying a house

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Hate2Wait

Hate2Wait

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Exactly because if you don't have enough money and no plans to settle permanently then there is no need to buy And you can stick with renting a house
 
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Smalto

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nomad said:
Do you think it is good to rent a house or buy a house for managing your personal finance? I think renting is better as you can use your money to invest in the market instead of paying for your house. A house is a liability, in most cases.
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Buying a house is actually much more profitable and preferable to me, when you buy it, you know is your own for life, you could even allow people to come rent some part of it while you collect rentage fee.
 
Hate2Wait

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I always advocate buying because you can buy and pay the same amount to bank for EMI as you were paying in the form of rent and in some time the house will be yours
 
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Rubz

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In order to manage one's personal finance, i think it is better to buy a house than to rent a house. Buying a house seems more expensive on the short term but it would help to save a lot of costs on the long term.
 
Kerryjoy

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Buying is the best one for a financial expert can say, ones you own a house, you have less stress on the monthly expenditure on rent and sometimes you might not have it.
 
cherry123

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Yes, buying a house than paying for rent. is brtter. A one time payment is always more financially sensible than having recurring expenditure for paying rent all the time
 
fcbetting

fcbetting

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I would rather buy a house especially if you have plans stay longer. What you give for a rent you can pay a loan. You can still have money for invest. Most banks can give you loan month payment same as monthly rent.
 
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Passiveearner

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Many people rent a house even when they have or own a house themselves. They rent their own houses and then live in a different place where they live and pay monthly rent every month. This is a source of passive income for them.

Ratine said:
I prefer buying than renting. One can easily access the loans and buy house which is very cheaper compared to renting
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