Renting Vs buying a house

[You]

I believe it depends on individual circumstances whether renting or buying is better for managing personal finances.

 

[Hate2Wait]

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

 

[cherry123]

it is better to buy a house than paying for rent. A one time payment is always make financially sense than paying all the time for rent

 

[Smalto]

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.

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.

 

[Etini Willie]

I would rather buy a house than have to pay rents. Paying rents take a significant chunk of my income away.

 

[IB D]

I don't love to rent a house. It always puts you on your toes. I love to buy a house and have your peace of mind.

 

[Sanjeev]

I would rather pay bank interest then to pay rent so its better to own and in few years you will be the owner of that house

I agree, it's better to pay the interest than to pay rent for house. I never liked to live in a rented house.

 

[Hate2Wait]

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

 

[AruneBend]

I would love to have a house but I think that renting a house makes more sense especially when you can't afford a house

 

[Starmix]

If the person has insufficient money to buy a house, he opts to rent. I prefer to buy than rent.

 

[Rubz]

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]

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]

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]

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.