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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?

It all depends on my financial status; my earnings will decide which one is best for me.
 
Building a house will cost a lot. I know it's a one-time deal, but let's not forget the fact that a living house is more of a liability. The expense of paying for rent every year might be off your budget, but there are bills that come with owning a house. Let's not forget that the loan amount will be deducted from my salary on a monthly basis, which will reduce the amount I will have to come home with every month. My wellbeing expenses are attached to the salary, so cutting it short means I will either have to adjust or look for other earning means to meet my bills.

So it will be better if I take that loan, rent an apartment, and set up something that could be used to generate money so I can actually build a house of my own, rather than building a house from a collected loan. If I take a loan enough to build a house, I could possibly use that to set up a business and allow my employees to be educating my loan amount from my salary, so my business can be generating me some income, which I can use to cover up those loan amounts every month. If those loans are fully covered, or maybe there are good profits coming out of the business, only then can I think of starting up the house building. That's when I will see myself as someone who is financially ready to foot the bills of my own home.
 

It entirely depends on future plans, financial situations, and personal preferences.

Some consider property as a highly potential investment model, but it should align with our financial conditions. In my opinion, if someone's monthly income is sufficient to meet daily needs and also pay for mortgage installments, I would prefer to gradually own the property in the future. However, this requires having a financially capable condition.

Again, it ultimately depends on each individual's personal preferences. However, when I hear that mortgage payments are not significantly different from rental prices, I would choose to purchase the property through installment payments. This is assuming that the monthly down payment does not overly strain my finances each month.

On the one hand, renting real estate is a good thing. If, for example, the store does not bring in the expected income, you can simply open a store elsewhere. If, however, you bought the premises as property, and the business went bust, you will have to think about how to sell the premises at least at the value at which they were bought.

On the other hand, if the premises are not owned, and you have promoted the place itself, the landlord may want to terminate your lease and open own similar business in the premises.

This would depend on what interest you pay on the loan and how long you can take to pay it back. If you can comfortably pay back after a determined period of time and have job security then buying is the better option
For financial advice it's best to consult the services of a professional.

Both have their positive and negative sides and depend on a number of factors, for instance the location of your country. If I were somewhere close to a war zone, like in the Baltic countries, Belarus, Moldova, I wouldn't plan on buying, at least until the situation calms down.
If you know the problems people face in Spain with occupants, you'd think twice before buying a property there.
 
Buying property:
You have your own place that nobody can kick you out of.
You decide how it looks, what repairs are required, you can remodel it the way you like.
If managed in the right way it's going to grow in value, but will lose value if neglected.
Makes it harder to move.
Can be robbed, or vandalized.

Renting out:
More expensive in the long run.
You can get a difficult landlord.
Less freedom in remodeling.
Allows you to move out whenever you like.
Gives you more time to decide on whether you want to live and work in that area.

It depends on lots of things, but following the information given, it will be better to buy the apartment. There's every possibility that the property will appreciate so you can sell it off if you have no use for it in the future.
Also, it depends on what you need the property for. If it's just for a short period, there's no need to take a risk by taking a loan to buy the apartment.


If the reason for buying the property doesn't work, you can put it for sale. Or better still, put it up for rent. So there's no big issue there. The problem comes when the property depreciates due to different factors. If the property appreciates, people will seek that kind of apartment. It would be easier to sell or rent and turn it out as a source of income.

Renting is done only on stuffs that incurs taxes and also when you don’t want that stuff permanently. As for renting or owning a house it depends on the nature of your work because for someone that works in an organization that he or she can be transferred any time then renting seems the better option. But if it is the other way round like you would be staying there likely permanently because you have a stable job then one needs to go for owning a house. Owning a house gives you the option of fashioning the house to your taste and also making your decision. Again with proper maintenance owning a house only increases its value. Also if a loan is taken and it is sufficient to buy a house then it should be bought because renting an apartment or house with loan funds only brings about loss except it is a business place

I do not think that a final rule can be reached about which is better in what looks like a comparison. From a general point of view, owning a property would be better than having to rent it, but this depends each time on the purpose of the process and the financial situation of the person. For example, it would be better to own the house in which we will stay so that we do not have to pay a monthly fee throughout our lives or have to change it every time, but this is relative, since there are people who do not prefer to live in one place throughout their lives.
From a personal point of view, I prefer owning real estate for investment purposes, and with regard to the requirements of my daily life, renting real estate gives me more freedom to change and roam.

Nobody to be like staying on a rented apartment than having your own apartment purchased by yourself or build by yourself so I believe in my own property not in another person's property because there will be a lot of condition that will been attached to it if you are living in Apartment that is not yours you have a condition which if you don't meet up on that condition you might the great up from that particular place with immediate effect

Totally depends on you since its your money or investment after all.Choose on which you do see that you would really be able to benefit but in overall real estate business or having property is always been that an advantage because of having that potential earning income month by month and the appreciation when it comes to such property but of course it would really be depending on where it is located or having those check marks in speaking about those main factors. Renting it out and its income would be the ones would be paying up for mortgage? Its ideal but you should be prepared because not all the times your unit does have
a tenant which means if a certain contract expires then you should really be preparing up on paying up the mortgage which its just common sense.

On the time that you would really be able to own such unit or property then this is where real income would flow through. There would be no deductions considering that you do own the unit
plus on the time that you do need more money to have a capital on other business then you could really always appraise your property.

Always buy... rent is throwing money into the wind. Sure there is liability's or upkeep and maintenance costs with owning a home but its more of an investment. Your mortgage is going towards your principle and your building equity. Not to mention it depends the area you are purchasing in. In 10-20 years that homes value can increase significantly meanwhile rent will only increase thus your paying out more and more. You can always purchase a home in your means where the mortgage is almost the same as your rent. I would only see renting as a plus in certain situations or scenarios. If you have high income then you could rent to make life easier or maybe you travel a lot and don't need a big home or have the time to maintain and upkeep. SO yea some other users are right in whats the situation. As far as investment and return on investment obviously purchasing would make more sense.

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.

You know, when I first read the part where you talked about being capable, I thought it was going to need just that (having your own well enough money to buy what you want or wish for) but instead, it ended in a loan, a loan! Common on, both options aren't enticing but on the whole, I like owning my own stuff. I might just as well buy the whole thing rather than keeping up with the rent.
It's so hard having to live as a tenant to some landlord or land owner that could evict you on a hood reason, bring up policies that would require your forced compliance and lots more.
I think you ow of tw best thing to do is scale the interest rate om it, the timing to pay up and be free and then, you ensure to handle it good.

Whether you rent or buy the property needs to be prioritised based on one's plan. If you've settled everything in the location (business/job) and you've got good finance to support buying a property, then it is good to go for buying.

When you're no more in a position to stay on particular location and wants relocation due to business or for your professional needs, then the right choice is to rent. If you've got good sum of money after your regular needs and support buying a property then go for it. This is a big investment and could create income through renting the property with which the loan can be repaid.

Established business people look more at the potential benefits and financial risks in detailed calculations between renting and buying, most of them choose to rent because of course they know where large amounts of money should be managed. Let's just say, they can manage the allocation to buy a property that brings in huge profits on a regular basis, so that it takes even a fraction of those profits to cover the cost of the rent.

For me, there's no debate on the issue. Buying real estate is always better than renting. I can list my own reasons. First off, it will be yours. That you won't be renting forever is enough reason for me to favor buying your own house.

I was actually happy when I read the book The Richest Man in Babylon and found out that one of the tips mentioned was to "own your home." I couldn't agree more.

You can renovate it freely, adjust the design later on according to your own taste and needs, use it as a collateral for a loan, sell it, and so on. You can do whatever you want with it. It is frustrating to always defer to your landlord on all decisions about the place you're living in.

Moreover, with inflation, what you will be paying in the years to come for your own house will actually be worth less.

Buying 100%. We are considering it as me being financially capable right? Honestly just the fact that you have something under your name is an advantage in of itself already. Now if you wanted to grow it then that's something you'd have to put effort in but honestly it's already a plus if you were able to buy it in the first place.

You can even rent part of the place if possible to generate more income to help the payments and after that, it's just money. Granted big payments may be needed every noe and then due to development, but seeing as you're already capable of buying the land itself, I don't think prior payments would pose much of a problem if planned properly.

If you have money at hand without taking a loan, I'd suggest purchasing property, otherwise stay at a rented place. It's just personal opinion, I prefer no debts hovering over my head.

The two options are good and non is bad to take but one is more preferred than the other, no one will be privileged to own a property and will rather prefer renting it, the reason why most people conclude on renting is for them to have an extensive period for repayment and they can only get through this by applying through mortgage, whereby they have a steady source of income that generate them financial flow, inwhich there will be a monthly deductions from their earnings to go for repayment after signing the agreement, so it all depends on how one is financially capable or incapacitated.

OP, this has been a very good topic for years now.

I think people should have a two pronged approach to this, namely to "own" a property first and not to enrich other people ...while they can enrich themselves. A property are seen as an asset..... and a rented property as a debt, so I think it will  be better to work towards a future, where you repay your bond and you create an asset.  ;)

I started with a small flat and I worked my way through some high interest rates to own my first property. I then sold that property and I bought something bigger..... I would have never been able to buy the property I own now, if it was not for that first property.

Once you acquired your first property, you can work on getting a second investment property to boost your portfolio.... then your property starts working for you. A person renting a property...does not have the bargaining power to get a loan for a second property, if they do not have assets to back up that loan application.  ;)

if I have to choose to rent or buy a house with debt, I prefer to rent a house. the reason is quite simple, because I don't want to be in debt and be burdened with high bank interest. by renting I can rent a house in a more strategic location which can save my time anywhere. I can also set aside part of my income for more profitable things.

even though I have to choose to buy a house, I prefer to buy it as an investment using cash, of course. even though I have to spend quite a lot of money at least I can avoid high interest.

That's if I'm to take the loan from the bank, well it all depends on your pocket (if it's financially healthy, that's to pay back) because to me I'd say buying a property is the best. Having the property to yourself won't warrant anybody to come ask for monthly or yearly rent, the only bill you'd pay doesn't concern anyone outside your property. But renting it would attract more expenses, you have to work yourself out, you'd work x2 of your working hours just to meet up expectation.

I think Buy Real Estate is the best solution, if you are still rent to stay, then you should immediately take concrete action by immediately taking home credit, if we have a home credit then we have done 2 good things that are saving and stopping costs due to rent, if we continue to rent So we can be sure the future will be more difficult because the price of property is certainly more expensive.

it all depends on the income I think .
I think buying by credit at the bank is better than continuing to rent continuously,
When renting, we have to set aside money every month to pay the rent that will be due, but how long will we rent?
if we buy a house or apartment by credit/borrowing money at the bank I think it's the same as us renting but after the sale and purchase contract is completed we can own the apartment house that we rent from the bank

If we keep in mind that crypto market is very volatile and magic happens once every 4 years, then I don't really understand why should someone take a loan to buy an apartment instead. There is a dip in crypto market right now and I immediately bought matic at 0.5700 price. At the moment, I'm in 14% profit and I believe that this coin will bring me 200% profit this year and way much higher after bitcoin halving. Mark my words and tag me when Matic reaches 1.71 USD.
I prefer to rent unless I become a millionaire because I change places, plan to change the company where I work, plan to change the city or the country. Rent is flexible, portable and sometimes you manage to find it in good price, for me, unless I am a millionaire, I prefer to rent because mortgage payment is a big financial task and a huge responsibility, a huge stress factor when your life depends on your salary. Sometimes, mortgage payment is a fetter with ball and find it very hard to risk in life because of a huge mortgage payment.

Also, I don't really understand this western culture, what's wrong to live with your parents if they let you to do so? Even if you marry? What's wrong? Nothing, you'll save money and your parents will be happier unless they are a type of parents who ask their kids for a monthly rent price.
I hope this western culture of moving away from parents will bury deep because it's making things worse and terrible for everyone. That's just unnecessary!

It doesn't just depend on income.
If you are not going to live in this city for a long time, but plan to move after some time, then obviously renting will be the best solution. And if you know for sure that you want to stay in this place, then a loan, or a mortgage (depending on what suits you best), will be the best solution, because in a few decades, this property will become your property.

The decision to buy or rent is an economic one. There is no blanket answer. It depends on the numbers. If you can afford to buy, but it is cheaper to rent, then it seems like a solution might be to rent and invest the money you saved.

Also, your home should not be generally considered as an investment because the gains from selling it are generally lower than the costs of owning it, though there are exceptions.

Those who are usually in a financial position to own their own home are the ones who rent. Renting means deducting a certain amount of money from your net worth every month. Because the money spent on house rent is unlikely to ever come back but if you have the ability then you should definitely buy a house and stay in your own house, there is no problem if you have to borrow some amount of money. Because even if you borrow some amount of money, if you can build a house, then the entire money will be spent on your house and you will never waste that money. When the house is completed, your savings will be equal to the amount you would have paid in rent each month when you were living in your own home. In that case, I think it is a right decision to build a house instead of staying on rent.

It really depends on your circumstances. Obviously, if you have the cash to buy a property with minimal mortgage/financial assistance, then buying is the way to go. If you are someone who works in a highly populated area and you spend a lot on travel costs, or waste a lot of time traveling in comparison to renting, then maybe this convenience is necessary to put less pressure on you and open up more time for more important things in life.

My overall opinion though is that renting is inefficient unless it is absolutely necessary for reasons like mentioned. You are not putting the money toward anything, it is just money disappearing for accommodation. If you have to rent, rent cheaply and do everything you can to buy your home. Owning your home is the greatest investment you can ever make! Not just from a monetary perspective, but a financial and well-being security perspective.

I believe it all depends on the country and the market conditions there. There are number of states where it is practically impossible to take a loan without a collateral in the form of already existing real estate. I live in such a country, for example. Imagine you are a 26 year old, you only start your life way and your parents couldn’t provide you with an Appartement or a a house. You don’t have any collateral, you cannot take a loan in the bank. Even if you could, the interest rate would be near 30% in a year which is the best option because it could be up to 80%. So you don’t really have another option except for renting, because your salary would not cover neither a body of the loan nor interest. The most spread option for people in my condition is to safe money for years, for 10-20 years in order to get an opportunity to buy a flat. That is why I am interested in crypto, cause I believe it would safe me several years of such savings and will provide with an opportunity of buying the real estate for living.

Considering my situation, what's the better option for me? Well, it's a tough call. Buying could potentially let me build equity and benefit from property value growth, but it also means taking on the responsibilities of homeownership. On the other hand, renting offers more flexibility and less hassle.

I think to me, a big question would be how long you need to spend to pay for the property (and whether you're allowed to pay it out faster), and how confident you feel that you'll be able to find a different but similar-paying job in case you get fired or you become unsatisfied with your current job. Oh, another factor is the difference in price between the monthly rent and mortgage payment. If mortgage is around the same or less, it's great. If it's 2x+ higher than the rent, it's worth a much more serious consideration.

I think purchasing your own place is very nice, especially if you're the sort of person who is ready to settle and aren't planning to move to another city or country for more than 6 months.

What you have in your pocket will determine the answer.
You should consider how much you would pay annually if you planned to rent the apartment for four years. Keep in mind that inflation might happen at any time, at which point the landlord may decide to raise the apartment's rent. However, if you decide to purchase a home, it could be challenging at first to pay for the house's price and other connected costs, but once you do, the home is yours forever. Instead of working against you, inflation will benefit you because if you decide to sell the apartment when prices are rising, you'll get a lot more money for it.

I think it's better to buy then rent it to someone else. real estate is a promising industry as a means of investment. It's a big loss if this opportunity is wasted. some people who really need it but don't have enough money to buy it, of course, can only rent it, now here we have to be a landlord who rents out, that's very profitable for us.

What you mean by BUY is looking like taking a loan from bank which is really not the kind of advisable if you are not sure whether by the next 10 years you will still have a good paying job.
When you  own property by the way you get attached to the place as well. You may not be able to move somewhere else unless you sell the property.

If I have to buy, I would buy the property in cash, nothing to pay for afterwards, no bank loans too.  If I have no plans to stay in the particular place. Renting will be the better option.

 
There are many things someone has to take into consideration before deciding whether to buy a house or rent an apartment. If I am okay with my salary or wages and if I take a loan from the bank and their interest rate is not high and the reduction rate from my salary will not affect me, I think it should be better for me to buy a house than rent an apartment because the rent payment is always increasing every year. It is always hard to be paying back a loan because that will really reduce some of your expenses, but if someone thinks of it well, I think when someone has their own apartment, it will be better for once.so I will prefer to buy a house to rent.

As of now I will say rent is the best choice because due to the increase of Fed's interest rate the loan interest rates are increased by the banks as well so even if the increase is by 0.25% the loan tenure may increase 3 to 5 years.

Also we can't sure about the appreciation of that asset will be 10% for the coming years as well due to the internet boom and high unemployment rate so we are at the worse economic state all around the world.

Don't buy a property unless you can generate revenue from it for example commerical real estate is good.

If you have a plan to buy a property in the future, then why not do it now especially that you are already capable to do it by taking a loan. However, if you have other better plan that you want to achieve first than owning a property, then owning that property may not be align with your plan. So it all depends on your life’s plans. If renting will make you profitable this time and may give you the current advantage, then stick to it and set buying a property as you future plan.

There is not an easy answer to this, in theory owning your own house seems like the best scenario, as once you finish paying your house then you can get rid of that expense and use that money for something else, while if you rent then that is an expense you will have until you die, however when buying a house on credit you will pay the house several times during the period of the loan, which on average it will last for a few decades, and you need to hope that a huge economic crisis does not strike during that time or you will lose your house and all the money you invested in it during those years.

I will not even think twice I will go for the loan and buy the property. I spend so much money on rent in my country and if I save my rent for five years, it will be enough to service parts of the loan. Also in my country, the rates or tax on properties is cheap so it will be my best option. Now it can even appreciate in the future which will make you make more money if you want to sell it in the future. Living in my own house will also help me grow some plants and rear some domestic animals in my house. There will be a small garden and cages for fowl and a pond for fish. I will save money on vegetables, eggs, meat, and fish. So my final answer is that I will take the loan to buy a house if my income supports it.

Same here on which i've been spending for long years now on paying up some rent but didnt really go into the path on taking up some loan or mortgage on owning a house. Why? The rent that i've been paying for a month is less than $100 which it isnt really that something that big on which its something an amount that i could deal with on monthly basis. As much as possible, im trying out to avoid on taking up some loans and would really be living on what i do have. It is really just that pain in the ass on having some loans and other things attached on borrowing.

Im really that contented on what i do have. Yes, its understandable that building a credit score is important because you would really be able to make use of it in the future or would really be something
beneficial but i did really neglect or avoid it out and dont really care. I do prefer on buying everything on the time that i could pay it on cold cash and wont really be taking
some mortgages.

If your work is on a field and you need to go in many places then of course renting is the best. But I am sure that even if you've got that lifestyle, one day you'll be tired and you're dreaming to have your own real estate so that you won't pay anymore with rent.

And with having no property with being approved by the bank, I am sure that someone who's still young and can afford it will do that. No doubts of taking that potential approval and will buy property.

It's not wise for someone to live in a rented apartment for their entire life time, buying a house just as you surgest or building one just as I have explained below, should be a better choice. People that are steadily living in rented house, while they can afford their own home might be right in their decision, but to me it's nonsense.


For me, I don't really like loans, but what I will do is to save up money and build my own home. I can just be paying the house rent untill I save up and build my home(I don't breathe well if I am in debt; it's a metaphor.)

Back to the deal: let's assume that the person's salary is enough to take out a bank loan and buy the estate. After buying the house, if it will take him like 5 years before he can finally repay all the debt, it will take him a bit longer to save up money to build his own house in the structure that suits him. Check out my example below.

Mr. A's yearly income is about $30k, and his yearly expenses are about $15k. Let's say he needs to buy a house for about $800,000, and he took a loan of $800 from the bank to buy the house. He will need to repay the loan in about five years with 10% interest. If Mr. A decides to pay the bank $15k every year for the next five years, he should be able to pay the loan.

Second example: If Mr. B wants to build a house for about $900k and his yearly income is also $30k and his yearly expenses (both for the house rent) are $22k, if he decides to save up $8k every year, he should be able to save up the money within ten years. If he starts building the house, there are two things involved: either inflation might have increased the price of his budget and he will spend more than his budget, or the house can take more than one year to finish up furnishing everything in the house. So building the house will take a bit longer. But even at that, if he finally finishes the furnishing of the house, it will reduce his yearly expenses because no rent payment again.

It's usually based on the individual's decision; people should do what they feel will work for them. There are people who don't know how to save, which means they can't save for that long, so such people can go for the loan.

There are also some people who are not good at taking loans, like myself, so they should deciplin themselves to save up and build the house, despite that they will be paying rent till they build their home.

OP, you are very correct, it's better to take the loan and buy the house, than live in a rented house for your entire life.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

I think people are missing the point, its not because rent is better than buying, that's not what people who support rent are saying, its that spending the same amount of money on something else would be better. Now, if your case is something like you get a mortgage and bought a house and paying loan back and you wouldn't be able to buy it otherwise, then you never had money, you had a promise of future income, hence you wouldn't be able to spend that money on anything else anyway. However, if you are a wealthy person with enough money to just buy a house, I would rather be in a rented house at that point because I would rather spend that money on whatever made me rich enough to buy a house full in cash, I am sure that would be a better investment. Those are two very different situations.

Anyone who just comes out and automatically says you should always own instead of renting should immediately be disqualified as part of any sort of logical, educational discussion , because that type of thinking is straight up wrong.

There's quite a few articles out on the net that discuss the factors of buying versus selling.  Sometimes it's not just so much what one person can afford, but it's also very much about the location.  In some cities/states/countries it simply makes more sense to rent than buy, even if you've got the money to purchase.  


"Ramit Sethi, self-made millionaire and star of Netflix’s “How to Get Rich,” says his “most controversial money opinion” is that homeownership is overrated".

“I’m tired of the blind obsession with homeownership in America,” Sethi tells CNBC Make It.
 - https://www.cnbc.com/2023/05/02/ramit-sethi-why-renting-can-be-better-than-owning-a-home.html

With the situation described by the OP, of course buying property is better. even with a loan from the bank. but as long as we are able to repay bank bills. then i guess it will be ok. at least property prices will continue to increase. especially if it is in a strategic area. But this is probably only from my point of view. I don't have much experience with this. but renting is one thing I always avoid when it comes to housing. because the money we pay every month can never make the living space we rent ours someday. and if there is no money to buy it, you can also repay the house and other alternative ways.

But this is only about residential property. but if the property is of another type I have a different and also different view.

This changes everything, I was going for rented apartment but when I saw the rent increasing by 15% yearly I got discouraged. If I rent an apartment and it keeps on increasing that means that apartment is a liability to me as it's an expense to me but when I buy that house and it becomes my own and keeps on increasing by 10% owing to the development works then that house becomes an asset.

Buying the house when I have the financial strength to do so will be the best option because after using the house I can always sell and still profits from that as well. If the situation was that nothing happens and there's no increase in rent then I'll rent an apartment become I love traveling.

I have to agree with this. Buying a property is always an advantage than renting the whole time as your money will only go into waste, knowing in the end you don’t own anything. That is why if you have enough funds to finance buying a real estate, then never hesitate to stick to your plan. It could make you spend huge amount today but after a year or two, if you consider that property to be a source for business, then it’s going to give you high investment returns that may be 10x or 20x from your investment capital.

In my own opinion there nothing to debate this topic because this all depends on a persons need.

We know how expensive the real estate assets on business hub cities compare to province so much better if you rent since you can enjoy all of your time since you will not get drained to travel long hours for you to get home.

You can also buy house and lot even if your budget is tight but expect it will be on province and not near to your workplace. so try to decide depends on your needs since buying an asset is somehow a big obligation to take.

Why buy a house using bank loan? I'd rather pay it cash to save money as much as possible.

Having your own place is much cheaper in the long run, no hassle, and you can sleep peacefully at night knowing you don't need to pay rent anymore. Renting is also good if you're still saving some money to buy your own house in the future, but in the long run, I don't think it is a good idea especially if you're not that rich kind of person.

That's only my opinion based on my experience here in our country, I guess the choices would still depends on which country you are from.

I believe that a 15% yearly increase is extravagant and not realistic. It might be possible after three years but certainly not after one, although this doesn't change the fact that owning a house is much better than renting.

Personally, there are quite a few parameters to take into account, such as occupation, age, country and place of residence, financial status, and possibly a few more that I've forgotten. Both options have benefits and drawbacks, but owning is ultimately the best solution because renting is practically an inevitable waste of money. You're spending money for your whole lifetime, and in the end, you're not owning anything that you can pass on, rent, or sell. Even if you change places of residence, renting provides a steady source of passive income, and due to the increasing demand for housing, it's almost guaranteed.

The issue is that taking a loan isn't as easy as it sounds. It's a financial burden for over 20 or even 30 years, in which time there's no guarantee that you'll be able to support to pay your mortgage. Thus, especially for someone who's young and just starting out, it's a huge risk to be burdened with a huge debt.

Not every state economic system would let you buy a house without bank loan just using cash. State authorities don’t like cash, because it is not transparent. They don’t know where you got it and how are you going to spend it. Moreover bank loans create a basis for the economy of the country, they provide money circulation and stimulate the economy. For the state, this is much more profitable than if everyone paid in cash and did not apply for loans.

I would prefer the buy option if we assume that I have a budget to pay advance payment. The reason for this is that when renting and buying a house is compared, long-term loan installments are close to or slightly higher than the rental price. Renting a house is only a solution to solve the housing problem and a permanent property is not obtained in case of leaving the house. However, buying a house in installments means having an asset after the debt is completed. Of course, the option to buy may be a bit more costly in the debt payment process compared to the option to rent a house but as I mentioned having an asset after the debt is completed will be a great advantage. Finally, I would like to add a quote that I use frequently on this subject;

"I'm not rich enough to rent a house but I'm poor enough to buy a house."

What if I ask you back, when your financial condition is sufficient to afford a car, will you buy a car or rent it?
Buying has full ownership of the property you bought, you can rent out your property if it is not used to make extra money. While the property that you are renting does not fully belong to you, during the rental period the property is still yours, then you will leave the rental place when you do not continue the lease.
I prefer to buy rather than rent, even though the house or car I buy looks simple, I am the owner of the property.

Buying the property is the best option especially since you have the advantage of being able to get under a payment plan. If you continue to stay in a rented place with the rising cost of things, It will difficult to be able to afford getting a property later and paying in full because  the cost for a property is increasing as well as your rent is.

A payment plan can keep you committed for the required duration until the entire loan is settled.

There are many people who have gotten property through this way and have settled the loan and now have full ownership, you will not be the first.

But sometimes we don't understand what some people think. Especially if they can generate wealth passively, wasting money is their hobby, while the working class will see it from another perspective. Besides that, real setate is one of the investment diversifications which can be said to return slower than some other instruments.
Buying or renting is not up for debate. One may even have a collection of properties for sale and live in a rented house in the same area, while some may even still live with their parents.

The decision should be in line with your financial goals, lifestyle and personal circumstances. Yes, owning a house is prestigious and comfortable, but are you ready for maintenance, repairs, taxations and other responsibilities that comes with owning a house?
Nevertheless, what is your financial strength? Does your income constantly support the mortgage payment? If so, buying a property can be a good longterm investment.

Renting is expensive if you compute the accumulated expense you'll have. Having your own property might be expensive at first but it's more practical over time. If it's possible with the money you have or the amount you can loan, it's better to purchase a property and make it available for renting. Then you can use the money you earn from it to pay for the remaining balance on your bought property. For me, it's okay to get a loan to buy a property if it'll be used to earn income. Because it's more expensive to get a loan to buy something that won't bring you income. Maybe after some time, you can save up enough money from that passive income to buy another property.

I would rather rent a house than take out a loan through a mortgage. Renting allows you to avoid the financial burden of high-interest bank loans and offers flexibility in choosing properties strategically located to save time and fit your lifestyle. your. Furthermore, if you decide to buy a home, buying it with cash can be a wise financial decision. This will avoid mortgage-related interest, save you money in the long run, and potentially give you a higher return on investment.

Depends on what would work on you better. If you cannot pull out huge amount to buy your own house, then you'd be left no other option but to rent. Indeed you don't need to go far from what you can provide.  If you will be able to buy a house then you'd be safe from monthly rent, that you can save and spend on other things. But as we all know, not everyone has the capability to do so. The other option is to rent; which would give you or should give you an enough space to save up and buy your own afterwards. Conflict may arise if you are not doing anything to reach your goal. Perhaps you are renting to save money atleast for now, but if you aren't doing so, then your goal won't be achieve. What's more practical is to know what would best work on your lifestyle and capacity.

Buying a property via bank financing would always be better as the properties are becoming more and more expensive as years passed by, so it would always be better to buy it as early as possible. Though there are certain things to consider before taking a loan. Do you have stable job? Does the nature of your job offers constant promotions? Do you still have enough money left after you pay for the mortgage? These are just some basic things to consider before you sign that paper and take the loan.
No matter how long the term is as long as it is going to be your property once you paid it in full is always better than just renting a space.

The advice you give does sound wise enough for those who still don't own a property like a house, but there is one more solution that might also be wiser if someone can't buy a house in cash. Those who want to buy a house but don't have enough money for a house unit can also make a way with a home developer by paying it off every month.

This of course will not be related to the bank because the home developer himself will handle this as long as there is a clearer agreement from the buyer. However, if the buyer feels that this is quite a burden, then the solution to renting a house can also be used by those who don't own a house, even though the level of burden is not much different even though the rental fee is only considered once a year.

Making an agreement with a developer is not that easy, no developer wants to accept monthly payments except with a large initial amount or linked to bank credit.
if you have a steady job I prefer to buy even if it's on credit because renting is a waste especially since home is the most important place in life (a must have) and also the price is increasing every year.
Buying on credit is a little expensive because there is interest, but when compared to renting for the same year, the results will be more profitable buying on credit, that's an advantage in the future, so it's worth thinking about.

House rent is paid in full debit. So if you can buy land and build a house without paying house rent, you will save the amount of money you used to spend on house rent every month, and if you can build a little bigger house, you will be living in your own house. You can rent out your house so that you can get certain amount from house rent every month which will play a big role in increasing your future savings. I think every renter has an idea of when they will be able to own a house because no one wants to pay someone a certain amount every month. So I personally think that building your own house is much better than renting a house.

I don't really see this to be a thing of debating over just a common sense you will know that there is nothing much into it. As a worker and you had the chance to take a loan then is better to have it to buy your own property and pays it off gradually being that staying in a rented apartment increase 15 percent every year. It's better to own a property than being in a rented apartment and you don't think of having your property is waste of life, there is no increase in your property possession rather you would waste your time and money living in rented apartment without you having your personal property. Even if i had the chance of taking a loan i would go into using that money to utilizes my landed property which after i finished the whole process that same landed property could be farming out money for me which i would used some of them to speeding to pay off the loan taken from bank. 

I think if I had the money I would preferably go for real estate and keep modernizing my house to my taste, and I don't know about your region but the price of houses for rent is really going up, and if I have my own crip I would not bother wasting money on rent the best thing is to own a house but most people have the money to build themselves a house but some the nature of work they do does not really give them that opportunity to own one then they will reconsider once they retire which I think is the best.

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.

Almost everyone wants to have a family, this is about the future and in my opinion, whether you have a family or are still single, a house is an asset that everyone should have.
renting is a delay before having your own, it's okay to continue renting if it helps you to be close to work or something else, but you still have to think about the future, namely having a private house.
And this will also cause a lot of people to be constrained by money. In my personal opinion, any path will be taken if we already have a strong desire, even if it has to be done in installments or taking bank credit.

For me, it isn't debatable anymore. Buying is always better than renting when it comes to real estate.

You know that feeling where you are secured when you own that home. The sense of security I think is enough reason already to say that buying a real estate is better than renting. In renting, there will always be a chance that they will get that home for you for various reasons. If you bought that home, you have total control of it. When you have a family, you can make your family secure because you own the home. The privacy as well where you can just do anything you want to do because it's your home.

You also said that the price or rent increase by an average of 15% yearly. Just imagine paying that rent at a higher price next year, and the fact that inflation is also there to eat away the buying value of your money adds to the problem. In the long run, having your own home would always be better because you will not think of paying the rent on a monthly basis anymore.

It depends on the person.

There are some who doesn't have straight cash on hand, but really wanted to buy or build their new home thus, they are resorting to take a loan on the banks. Yes you can save a lot of money if you have enough cash already, but like I said, there are some that for some reasons really wanted to have their own home, and live independently. As for me, if I have enough cash to build a house then why should I borrow from banks.

But don't forget that owning a house has to pay taxes which may increase every year according to the conditions in that country. Everything is very difficult nowadays because even if we own a house, we still have to pay taxes.

And if we rent a house, we don't pay taxes but still pay the rent. Buying a house is the best choice if you don't mind paying taxes every month.

So before deciding to buy or rent a house, we have to calculate everything. If necessary, we can ask the tax office to find out the tax costs if we buy a house.

When a foreigner buys real estate, he pays much more taxes than a citizen of the country. Therefore, it is not always more profitable to buy a home than to rent. Moreover, if the property is not in a very good place (and this can not always be understood immediately - sometimes you need time), you can simply terminate the lease. If the property is owned, it may not be possible to sell it at the purchase price

My thought about this is renting would be better if only you're planning to live in that house in just few years. Because renting might look cost you a lot of money but you won't have to think about the taxes and taking care of the papers of the houses only the rent, electricity and water this is based from my country. But if you're planning to live in that house for decades and planning to give the house to your future child then it would be a good choice despite the taxes. But personally I would invest in real estate and let people rent it and those rent would be the payment for the house. Passive income is the best but still you have to take care of the papers and problems from the house.

In the face of the two, considering also that you've got a secured job capable of taking care of the loan, you should go ahead and buy the property. It's a better option on the long run than renting.

Most times, life doesn't go straight as planned. Things happen that can adversely change the direction of our plans. I don't want to say shit happens but then that's what it's. I've seen businesses go down and run owners into great debts instead of providing them financial liberation. I dare say there's no guarantee a business will bring anyone fortunes. However, business pays if it goes well.

Not everyone can afford to buy a house in cash, most of them are renters because with this they can afford to pay monthly, of course, their monthly income must be adjusted according to their wishes.
What I know is that every house installment involves a bank, because developers also won't be able to afford long-term installments, unless by buying cash directly, the developer can do it. What's more complicated than home installments is that it takes a long time, even 10 more years, that's what will make us burdened if financially does not support, therefore the wiser advice is to rent, that is my view.

I spent more than half of my life renting starting the day when I was born. The debate about renting vs owning is not just about finance. There are ups and downs, especially at a young age when you are renting. If money is not much of a problem then renting is cool because you can easily transfer to another place you think you might feel better.

Financially, owning a house is better than renting. Although I doubt that it is common in most places to have a 15% yearly increase on rent because it never happened to me. But 10% yearly appreciation is the same in big cities here in my country. Just imagine how much money we spend on rent and in the end, we don't own even a part of the property. Whereas even if we loan the property we live in, the loan interest rate is not that high if we are to deduct the usual 10% yearly appreciation value.

Although around 20% to 25% of the property is owned by my brother, I just started living here free from rent nearly 2 years already. There are pros and cons of course. Financially it's better than renting. I love the silence and privacy in a guarded subdivision. But I am now far from the usual downtown city where I used to live. I am forced to cook my own food which is healthy but it costs me time and it is expensive if I order food all the time. I live alone and for someone that loves to travel a lot and at times even spend a year away from home, it might be difficult because you have some plants to take care of.

I agree with you that the success of every investment is based on planning, and to some religionists, this is also applicable. Buying a house isn't a bad idea; in fact, I see every land-owned property as the right choice of investment to some point because the more development gets to those areas, the more value the property is adding over time. We all have different views when it comes to loans and how they could be perfectly utilized in other ways to be productive. Buying a house with a salary loan is not part of my successful story. Just like you have said, things happen. Not every time that we can expect things to happen in our favor, at some point we also face difficult times.
 
Before any company could successfully give out such a loan to an employee, I know there are certain criteria that must be met, such as his or her position in the company, their chances of lasting so long in the company until the loan is fully repaid, etc., which looks like a perfect business plan mapped out for the company. At the end of the day, they will get their money back. But do you also not wonder what happens if things happen like you said? If the employee gets some demotion based on underperformance, we never know what will happen. Or what if the company runs a little low in demand and, as a result, income is reduced? This will require them to reduce staff in order to fit in their expenses (this kind of situation is only possible in private enterprise).

What do you think will be the faith of those who own the company? Let's not forget that after the loan, their salary will be reduced by some percentage, which they will be deducting from their salary monthly, and the family's way of life will also reduce. And if they fall victim to demotion, I don't think it will affect their agreed monthly payable amount. What do you think will be left with the debtor to go back home with at the end of the day? What if they are being dropped from work? What will be the faith of that loan? Where will they be paying it back from? Or what if something happens in the future and the person who took the loan is no longer able to work because of a health issue or has passed away? What will happen to the loan or the property acquired through the loan?

These are all the things that I always calculate and reason about before thinking of any form of salary loan, which is why I could only possibly use part of it to set up a business that could be used as backup income for me in case things go sideways.

It doesn't matter when people take out loans to buy property and besides they have support for mortgage payments. Precisely a decision like this in my opinion is far more appropriate than taking a loan but not being able to pay the mortgage loan costs every month.

Let's simplify this as the idea of assigning precision values to each other. Renting is not a solution because it is not ours, whereas buying will impact assets into ours, because the context for having the ability to cover mortgage costs and is different when speculating without the ability to pay off the mortgage. The depreciating cost of property value is something that will continue to happen whether you own it or rent it, but the difference is that when you try to spend money on personal assets, it is much better than spending money on renting property.

In the long run it is impossible for us to live forever with rental properties and when the ability to buy is backed by the ability to cover mortgage loans why choose to rent? Not necessarily when we get older our ability to buy is still available and not to mention those who are no longer productive will usually lose their permanent jobs and as a result we also cannot afford to rent. But when we are still productive to make money, it's better to buy it so that the preparation for old age is much more promising.

Regardless of your work location, it’s always our dream to have a property that we can call it our own. Especially for long time renters, the fact that there money only end up as nothing at the end of the year so buying a property is everyone’s dream. However, I don’t think loaning from a bank is a bad idea, I believe if you are capable to pay for that, then go and take a loan while you still have a job to that will help you pay your loaned money.

I like the "Buy" idea better than renting. Ok, hear me out, here's the plan. If you have the ability and situation to buy or build one for you, then go for it. But make sure you choose the one where you can live by yourself and also rent it to other people. That way, you will rent your own property to others to make money also living in that place rent-free, because you own that place.
This will not just give you a place to live, but also a place from where you can earn every month that you can use to pay off the loan. Also, when the loan payment is paid fully, if you wish to move to some place, you can rent your property and choose somewhere else with less rent than you are going to get from your property. This way you will be able to make profits and also live where ever you like.
I don't know how much this will make sense to other, but to me, it's a perfect plan. At least to me tho.

Nothing can be compared if you are the one who owns the place instead of renting it out, and as long as you have that option to buy it out using a loan then go for it because I know that buying a real estate is a dream of every people everywhere here in God's green Earth but not everyone can actually do it nor can afford their own place. It might cost you a much higher bill in the next three to five years but in the long run, it will be all worth it compared to just renting it out and in the end, you cannot even call it yours.

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".

Well, that is right on point. However, I believe buying a property should be the end goal after all of these conditions. Since you can’t imagine yourself renting the whole time especially when you are close to retirement. That is if you can make extra efforts to finally buy the property even from loaning a bank, I think it’s still reasonable enough. I believe by managing your finances well, even if it means you will experience tight budget upon acquiring the property, that is just for now and one day, all your efforts and sacrifices will pay off when you have finally owned that property.

Renting is better if one is living through one's 20s and 30's and trying to save money so one can acquire a permanent place to build one's home and probably start a family. It also depends much on the specific market and country one has been born, for example, here in Venezuela the offer of homes is relatively lower in comparison to the demand, leading to a decrease in the price of houses. Also adding to the fact we do not have credit, so all properties are mostly paid with cash.

Here an apartment can cost around 8K$, and a house between 10K-30K depending on what you look for, of course those prices are impossible to find in developed countries where the demand continues to rise and rise.

For now, I'm still contracting with my small family as long as my savings aren't enough to buy a house, and I also don't want to buy a house using a mortgage.
because if I compare, the amount of money we pay is 2 times the original price. And of course, everyone agrees that buying a house using a mortgage is a loss and also benefits the bank that provides the loan. Therefore my best choice in buying a house is to buy cash or cash, and those who do it using a mortgage may not have a choice or be supported by their income in the long term.

So I better rent and save first until I actually have enough money to buy a house anywhere at the price I have. And you don't need to be luxurious, the important thing is to be comfortable and also there are no other burdens, especially debt repayments.

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.

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.

I can understand your drift here because we're from the same continent and country. In the advanced world, people don't bring spiritualism and religion into a business space. It's because we're very sentimental and emotional around religion in Africa that we think it matters in business. No, it doesn't. In fact, I made it a principle not to invest in any project that has anything religion written in its blueprint. It often ends as a scam.

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.

The latter part is true.

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.

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.

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.

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?

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.

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.

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.

Real estate is a good business or something that correlates into it on which i could say that it could really bring out specially on having that passive profits.Just like mine on which i did really make out some bank loan
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.

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.

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.

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.

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.

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.

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.

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.

Depends on how many houses or properties do you own.If you do say that this is your first house that had been bought whether via cash or mortgage then you would unlikely be having the considerations on reselling it
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.

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. 

It's not as easy as you think, people don't live on rent because they want to but they do it because they have to since they can't afford to buy a property or get a loan that can be enough for them to buy a house or build one. Also, banks don't give out huge loans to just anyone that walks in with a loan application, they need some collateral, a good paying salary, and many other stuff, if you get through all those criterias, then you might get a loan that will still not be enough for you to build or get a luxury home that you can rent to get a lot of money in return.

Remember, you won't be able to pay off the loan you've taken from the bank only from the rent even if you rent the whole place, if you give half of it on rent and live yourself in the other half, you will barely get enough to cover the bills and everything of your own. If all these things were this easy, there would be no one living on rent anywhere in the world.

That is why you need to read the OP first. It is clearly stated that if you are capable of and, the bank will give you the loan and your income covers the mortgage payment. I will quote that for you below.

So keeping that in mind, now what's your answer. I said all that because OP suggested that it if possible and the bank will cover the loan. When the situation is on your side like this, in my opinion, buying a property is the best option. You can pay off the loan using your income and if you rent your apartment then you can get extra support on your loan payment. That will ensure less stress.
And it's not that easy, as you said. It is hard, and you need to be capable in order to do it. And it is quite possible given the circumstances.

Taking a bank loan is still not advisable. As much as possible, you have to rely only on your hard-earned savings and if you think you are able enough, then no reason to debate but buying the property is always the best option than renting it the whole time. After all, you can always sell it back with a higher price or just use the property for business purposes so you can have additional source of income.

Well, I think that will do for the mean time and I strongly think that it's what most people are doing since they don't have that much spare yet to buy a lot and a house on it to make it a business or an asset. It's pretty much understandable considering that the price of a land these days are quite expensive plus there are tax and other bills that needed to be considered too before owning it. Just for the mean time though but don't settle with anything less because as long as we're still breathing, we always have the chance to be comfortable in life.

Surely, securing a bank loan isn't akin to a casual supermarket pick-up, but it's not as intimidating as plunging into the Bermuda Triangle either. I stand firm on the transformative potential of cryptocurrency - Bitcoin and its kin. It's like a lighthouse for those adrift financially. Investing here could unlock new income routes, aiding individuals to secure their homes. Concerning loan repayment through rent alone, your view seems one-dimensional. There are multiple ways to amass income, friend. Relying solely on rent for loan repayment is passé. We inhabit an age where diversified income sources are the new normal.

If you are going to live in that RE for a long time, then just buy it. Seriously. Renting is not even an alternative unless you are going to move to some other city/country in a foreseeable future. Renting a house is like having another employer telling you what to do. Why would anybody agree to that crap?

If you are looking for a place to live only for 1-5 years then rent it. If you don't know if you ever gonna move to some other city/country, then buy it.

As simple as it gets.

This depends on what's beneficial on each individual's situation. Some people prefer to keep on renting because it has an advantage and usually because it's near from work and buying a property at such place is quite expensive. While a cheap property is located far and you'll spend time for transportation which is a disadvantage for a worker.

Well, if i'm capable to buy a property I will do it, because it means you can call it your own and it's an asset. While if you rent, even it takes years, your payment will go for nothing though it might be convenient for many reasons (cheaper rent, near from work etc.). So the decision will depend on what you prefer and of course more wise and beneficial.

This seems like a pretty good idea for some areas. Maybe if the neighborhood does have a high number of potential tenants then it could be quite profitable. But if it turns out that the neighborhood does not have enough potential tenants. then it is at risk of making flat tenants suffer losses. The bottom line is that everything has its own risks. but as long as we have analyzed the existing potential before deciding to rent the flat. and when you see good potential then act. then maybe this can indeed be quite effective and profitable.

That makes it debatable because the answers are subjective. One person can state on why renting a real estate is better and the other person can give his opinion as well on why buying a real estate is the best. Real estate in a city is expensive but once you buy it, you can still be able to recover your capital for a short period of time if you open up different businesses there.

You can also resell your real estate later on, for a much higher value. To have a real estate in the province area do also have its own advantage because it is more relaxing there and you can use some of your land to make a farm. It can as well provide you an extra income.

If you are living in rather inflationary country its far better to start paying to bank than your home owner. If you can strike permanent low rate credit with bank your debt will keep getting melted over time. Potential rent of your home will keep increasing always in such countries. But your debt's weight on your income will keep decreasing with permanent rate credits. I would honestly enjoy to buy even second-third maybe even fourt flats if taxes aren't that high.

Owning real estate is everyone's dream. Those who say renting is better than buying are those who can't afford to own real estate, whether in the city center or the provinces. Because we all know that real estate is always the best long-term investment. When owning real estate, and if there is no need to live, you can also rent it out or let it run a business to generate passive monthly income from it.
Owning real estate brings many benefits to us, and that is why it surpasses gold and remains the first choice of large investors.

Renting may be a better option if you value flexibility and mobility. Renting would allow you to  easily move out to a new location without the hassle of selling a property. Renting can be more cost effective in the short term, as you do not have to worry about property taxes, maintenance costs or a down payment. Buying a house is a good investment  in the long term. Real estate generally appreciates over time, meaning your property may increase in value and provide a return on investment. Owning a home can provide stability and a sense of pride in ownership. To rent or to buy should be based on your individual financial situation and lifestyle preferences. It's important to consider factors such as your income, savings, credit score, and long term goals when making this decision.

Whether or not you buy real estate depends on your financial situation. If you can afford a bank loan then I think you should buy real estate. Because we all know the fact that money is depreciating day by day.  One thing you notice is that as days pass the prices of land, gold and silver are increasing. If you can afford the loan then would say take the risk once because you can't rent for the whole year. You will have to relocate someday and if you have your own land then it will become a means of your future security.

Everyone certainly wants to own property because property investment is the safest and most profitable, in several big cities in my country the increase in property is fantastic and makes many poor people sell their land and they choose to live in rural areas which are still cheap, unfortunately many crimes can occur in business property such as fraud, government-backed evictions and so on.

agree, owning property is an investment that can be sold at any time and usually the investment will continue to move up, especially if the property is purchased in an area that continues to grow and has adequate supporting facilities, it is certain that the property will continue to be a target. It is not surprising that the more property is sought after, the more expensive it will be, so many who do not have jobs [poor] have to be shifted to rural areas because they cannot afford it.

I've been on the same page about buying a house for years. In other words, if you are not going to live in the house you bought yourself, I think you will have made an unnecessary investment. If you have taken a loan for the house you bought, you will also pay the interest and a part of your salary will always be missing until the year you pay this loan. This means lowering your quality of life. I am against this situation. There's no reason to buy a house you won't live in. You can use this money in many different areas. Because of people's interest in real estate, they have been paying some of their salaries for years and trying to live off their remaining salaries.

If you are going to live in the house you bought yourself, then it makes a little more sense. Even if this is the case, you have to pay off loans for years and live on a part of your income. Human life is not that long. Strive to live well. If you have a high income, that's different.

I would say it depends on your financial conditions. If you have enough money to buy a property without taking a loan, why spend money on renting a property? Or, It's still better if you take a loan and buy a property. But, if you must take a 100% loan to buy a property, I won't suggest buying one. You have to pay the loan for a long time.

Meanwhile, many things can be changed. Buying a property is a one-time investment, and you are making a secure place for your kids. You don't know how much your kids will make and whether they can buy a property. If you are about kids' future, You may want to buy a property even with a 100% loan.

I totally get your point about preferring to buy rather than rent. It's a smart long-term investment strategy if you have the means. But you're right. It's not as easy as it sounds. There are challenges and considerations involved, especially when it comes to financing and managing the property. Before diving into any real estate venture, I highly recommend consulting with building surveyors who can provide valuable insights and guidance. They can assess the property's condition and potential risks and offer expert advice. You can check out sjonessurveying.co.uk (https://www.sjonessurveying.co.uk/building-surveyors-newcastle/) for more information.

Every choice will always have a good side and a bad side, a good side and a bad side. It's just that when talking about which option has more advantages than disadvantages, I personally am more inclined to buy and fully own the property. although maintenance is needed, the increase in property prices from year to year will cover the maintenance costs. different from renting which will make the money we pay only evaporate and we cannot expect any development for the money we pay.

There is no better thing than Buying a property but it depends on the amount of money a person has. But if one cannot afford it then living in a renting place is better as one can give little amount of rent but cannot afford to built a big house as it requires lots of money.

Taking loan to buy a property is easy but it will put a person into risky situations like his salary will not be enough to fulfil daily expenses but one thing is possible that save little amount on monthly basis then it can be possible even after years.

Renting is a waste of money but if you dont have any choice then you would really be ending up on this option,.Come to mind that not all does have the finances on buying their own house.Just like into my

condition on which i've been renting for over a decade since i dont have the money to create my own house but with that time, ive been doing my best on saving up and finding other income source on which
i could be able to save up after all the long years ive been doing so.Then the time comes that i do able to buy my own house and lot and built on what i've been dreaming up for so long.
There's no impossible if you do work hard for it but since we are living on a world on which the fact or reality about earning money isnt for everyone then not all would
really be ending up on a happy story.

It all matters with hard work and a little bit mix of luck when you do pursue up into something. You can achieve it if you are really that serious.

Let's have the discussion.
If what is meant is buying property with a loan from a bank, well, this will depend on how each individual is towards the bank itself.
To be honest, I never wanted to do this, I even registered and chose a unit to buy a house with a loan from a bank (in my country, it's called KPR).
But, fortunately, it failed and I'm very grateful for that. Because basically, buying a house with a bank loan always raises pros and cons. After it is calculated, if the total amount is added up to the end, then what happens is that the money I spent to buy a house with a bank loan has swelled more than 3 times as much. This is crazy, the bank interest for that matter is very high here.

Because of that, since then, I decided to just rent a house first while doing various things to collect money. Even now I still do it. But here I also have to have certain targets and good financial management to achieve that desire. Because it is undeniable that more and more, property prices will also increase.

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.

in my opinion it is a great risk and very dangerous and it is unnecessary to borrow from the bank to buy a house, because the bank charges very high interest and the loan to buy a house can take up to 25 years for the person to pay the loan at the bank , so my opinion would be that the best way is for the person to stay in a rented house that has a very low rental price while the person is in that rented house, the person buys land and starts building a house little by little, at some point that house will have basic conditions to be able to live, so the person moves to that house and then will no longer be paying rent

with that, that person could already build a bigger house on the same land, summarizing my idea: stay in a rented house, buy land, build a very small house, the type of temporary house but that has basic conditions to live in, then start building a house bigger, this avoids staying a long time in the rented house and will also make the person have more financial resources to build a good house. this is also a solution that most people in my country have adopted, since the banks in my country have been charging high interest rates and making people pay 25 years

There are a lot of things why I would prefer renting an apartment over owing a house, are due to the cost of maintaining such a house, like fixing water leakages and sucking of the sewage system except with the use of a Biodigester system, repairing and paying of electrical bills that will power the entire building, sometimes fixing of roofs if there is a leakage and the cost of keeping the compound clean, if you take all these into account, you spend less money on rent than owing a house and would have the opportunity of living wherever you want.

Final thing is right, apart from that we don't have much of maintenance with own properties. Renting gives the preference to move anywhere, with the person who lives in a restricted budget will say the difficulties faced while residing in a rented property in the third world country. The owners give some terms and conditions which will make us vacate the property at the earliest. Few of which were the limitation in electricity usage, water usage, some doesn't let pets and more things can be listed. For these reasons in my country people try to somehow manage and built their own house.

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.

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.  

That's what's happening right now, many are hoarding land under the pretext of investment,
things like that make the price keep going up,
I think the government needs to make stricter policies regarding these investments.

Couldn't agree more, one of the solution that has been proposed by some expert in my country is Progressive Tax for Land and Real-Estate, the idea is simple that if a person or his/her direct family (wive/children that is still legally in a family) own only 20 (or any number suitable) acres of land than this 20 acres of land will has normal tax, if the person own more than 20 the other 20-40 acres land has doubled tax, and more the other 40-60 acres of land will be taxed three times. People has been pushing for this policy but the government just don't want to impose it for whatever reason.  

Why? Because if you can use that money for something else then you could be richer. Imagine this, you have 120k that you can spend on buying a house, or you could use it to buy bitcoin and then rent. During a full year, you spend 10k on rent, that leaves 110k behind, but you invested into bitcoin, even today ,we are almost at x2 which means that even at the least you would have 200k+ dollars, even after paying rent.

So you started with 120k, rented for a year, and paid it all upfront starting first of January, and rest you put into bitcoin. We are at June now, you still have 6 more months of rent free (because it was paid upfront for a whole year) house, and you already have 200k+, you can now go buy a bigger house if you want, or keep doing this.

Pay another 10k, or even 20k for 1-2 more years, and hold it, if it goes x5 higher, which is not that insane, it's somewhere like 140-150k per bitcoin and doable, that means you will have a million dollars and 3 years of house paid.

When there is an opportunity to buy then never miss it, in life we must dare to take risks for example by going into debt to buy property, in my country to owe for property needs it is made easy, and this is what made me take 2 house loans on the outskirts of big cities and 1 I rent it so I can increase my income to pay the installments.

It's all depend on person, every story is more or less unique, you need to understand income and your future

I agree with that, buying on credit will sometimes benefit us someday because as we know that property prices are increasing every year and of course it's better to buy than rent.
For the things that are important in life, I think it is very ineffective if we rent them, let alone property is the most important thing for us and our families.

I think nowadays it is very rare for people to think like you. You think very wisely while keeping other people's interests in mind. And I think you can be called a good person.

I personally haven't thought of getting there yet. because as long as the area of ​​land that I own is below normal, then I personally don't have a problem hoarding it because I might be able to pass it on to my children and grandchildren one day who also definitely need land to make their homes. It's not just about profit. but also about the needs of our descendants who will be more and more. in essence, I personally have not been able to be as good as you in this matter.

Under the condition that the country is free from war and has a stable government.

As we can see now, the ongoing war in Ukraine has caused the property industry to freeze for over a year.

In a safe country, this wouldn't be a major issue. And one of the key factors determining a country's safety is the government's policy-making decisions.

I totally agree, if a house is to be bought it would be more logical to buy it for ourselves. However, even though the house prices have rised like a balloon it would be a good option to find a bargain house and rent it by renovating it in order to earn passive income. Of course, one day the housing bubble will begin to deflate but as long as people are interested in this, this process will come later. The budget to be used for housing investment can also be evaluated in different investment options but before making such a decision it is necessary to carefully analyze the return process of that investment and the amount of passive income that it can provide on a monthly basis. Especially when you buy a house with a mortgage it has a negative effect on the quality of life but as I said in my previous comment if the rent and the installment amount are close to each other the purchase option will definitely be more reasonable.

Renting or buying real estate is completely situational and up to you. I've seen people fare better with buying it, some prefer just renting it out or taking on a lease instead of spending stupendous amounts of money for a house they won't stay too long for.

Here's some factors that could affect whether someone would decide if he wants to invest in a property or just rent it out.

First is their propensity for travelling and moving out of places. Some people live their lives in a single city and never move out, some jump from one state to another for school, job, or romance (it's true). You'd be right to assume that the first scenario will yield to the person buying a property outright, while the latter will cause the person to rent properties as it doesn't make sense to spend so much money when you're not going to stay for too long in that particular state anyway.

Another would be their goals. Some people look into real estate investing and thus this leads them to buy real estate. Some just wish to have a nice place to stay in for the meantime and are not willing to spend a lot of money on the fly, this will lead them to rent instead and re-allocate their investment money to something else they see fit.

right, assuming it looks wise to respond to problems, but that looks just lol because it's not quite right. he doesn't think the future of being a parent is heavier. for example if I have a large area of land, continue to make a rented house at a lower cost than the others. this could have the effect of possibly being more mitigating than spending big money. many people rent houses complaining of high costs out of necessity due to circumstances that make it more normal to work

It all depends on your own finances to decide what is best for yourself. What I'm experiencing now is better. Rent first because the cost of renting a house is only 3-4% per year of the property value. I want to share my experience that in my country it might be different than in your country.
 
For example, buying a property for $ 50k, 20% deposit is $ 10k, the remaining $ 40k Kpr 15 years, interest is 10% per month, the installment is $ 285.
whereas if the rent is only $ 1328 per year ($ 50k x 4%), it means that 1 month is only $ 112.
the difference that can be saved $ 172 per month.

If you rent for 1-5 years, you don't think you need to rent because you can take the $ 10k that was used for Dp to be used for rent for 5 years.

So in the first 5 years we were able to save $17,136 ($285 x 60 months) and were able to buy land + foundation because a property with a selling price of $50k land costs around $20k, a building is $20k, the developer's profit is $10k.
now the remaining 10 years while adding property buildings that need to be added because you can still save $ 2059 per year from the difference between mortgages and rent assuming the house is of the same value.

This is what I do now, instead of borrowing money from the bank, I better save it myself. With the hope that even though we rent, in the end we also own property.

I also agree with your view and it really depends on the financial condition of each individual. A strange decision when we have the ability to buy instead we choose to rent. It's another case when we don't have money and use a loan to buy a house and in cases like this we also have to look at the ability to cover monthly expenses and if he thinks this method can be burdensome then it's best to wait until you have 50% of the money in your own savings to buy a house.

It basically doesn't matter when you have to take out a loan to buy a house to live in with your family and even if you calculate the annual rent, there isn't a big difference in the rent price or the monthly fee for the loan. The consideration is the extent of the ability to pay the monthly contribution and if it is burdensome then it should not be done. Collecting money regularly is also a solution for buying a house, although this method will take a little longer.

On the other hand, there is a way to buy a house provided by the state (subsidized) and the advantage is that we are not charged large fees for interest, monthly fees or down payments. Even though this house is much smaller than the usual house, but at least we are not too burden by any cost to pay it off.

Yes and this would really be that depending on several factors like;

- you do have the property but its not feasible or income generating so you do sell it out
- you dont have money to buy a property and  thats why ending up on renting
- Lots of property which you do rent those houses for income generation

This is why it would really be situational because even if we do like on having or owning a house but we dont have the money to do so then
you would really be having no choice.

It just happen to see a video somewhere in Australia that there's a politician talking about funding in different sectors with billions of AUD while their people are struggling to have a home. I am not sure if that's for real but this made me realize that even rich countries do have problems with housing projects. That's why still many of its citizen is choosing to rent, well they've got no choice actually but we're seeing the popularity of living in camper van. We do know that people don't want to have monthly obligations and pay rent but if ever they've got a choice they would love to get out of it and own their own real estates.

Sorry I don't fully understand the meaning of your post here, I am not against buying house tho, just like I said in my first reply, I will build a house (on the land I already owned) when the area has become advanced with many public facility, and I also think people should buy house if they want to make family, it needed to make the family stable and feel secured.

What I won't do is hoarding real-estate and land for investment, because this is the main reason why people couldn't afford housing today.

I also prefer to go this way. It's not just for us when we get old. but for our children as well so they can be calmer about their future. Because I understand how it is not easy to start a business career from the bottom. So that I also want to live comfortably when I'm old and also be able to give my children an inheritance in the form of knowledge and vast land. making a rented building on our own land seems like a good idea. provided that of course the location must be strategic so that potentially people need houses to rent in that area. such as near universities, near offices, near factories and so on.

The correct title of the topic would be: When to choose to rent residential real estate and when to buy?

Objectively it should be noted that there are very different situations in life.
For example, a young man from a very rich family can afford to buy a new apartment every six months. His family and he have a lot of money, and he just invests "unmovable money" in quite a liquid asset. Here's the answer - if you have a lot of extra money - of course buy real estate, it's not a bad investment for the future!

Or another example: a young man from a poor family, just starting his career, got married, and the young family wants to live independently. The only way out is to rent a house which corresponds to their income. And there is another problem: if they buy an apartment now, it will be a very budget housing in not the best area of the city. That is, not very liquid, and not very much in demand in the market. If you take a mortgage, the cost of housing in the end will not be competitive. This is the economic rationale. But there is another - the family is young, they strive for the best, in the future - children who need kindergartens, schools, quality and not far from home. And yet a young family can change jobs and move to another city. At the same time to sell illiquid housing is a problem. Therefore, for such an option, the most reasonable solution is to rent a house corresponding to the level of income, accumulate funds, for the subsequent purchase of housing in a more favorable location.

I was lucky, I live in the capital, and I bought my first apartment when I was about 25 years old. This apartment is in the capital, in a good neighborhood, which guarantees its liquidity and demand. Then there were 2 more apartments in other areas until I found a place where I want to live a long, quiet and comfortable, near the nature and at the same time in the city :)

I've seen content discussing this, how he convinced people that forcing themselves to take a bank loan to get a house is quite dangerous, even though we can afford to pay in installments every month, according to him, it's really not recommended because the bank's interest is quite high and also problems in the future that we cannot predict may occur, for example dismissal so that in the end we will lose the ability to repay and also lose the house because we fail to repay.
The current concept is very different, maybe when a few decades ago investment was still very limited to gold and land, now it is quite popular with stocks and also Bitcoin if you want, investing in these two types of courses with in-depth research can make it possible for us to have a house without having to go through a bank loan, so that we will have the house with real value and patience is the key.

This is how many young people are doing, instead of saving to have enough money to buy a house, they use that money to invest. That way, they can shorten the time it takes to earn enough money to buy a home. I am also applying this method for myself, but I also want to tell everyone that. Investing and saving are not the same, investing can bring high returns but much higher risks. So people need to be aware that we can have enough money to buy a house quickly but also potentially lose everything.

Instead of saving, it takes us 10 years to have enough money to own a house, but with bitcoin, maybe we only need 3 to 5 years to have enough money. Everything is always proportional, high return comes with high risk.

The method you apply in my opinion is the most correct. if we understand bitcoin investment then it's better to invest, than we have to save in the bank. I give an example of independent saving, because not everyone is brave and understands about their investment, some are still afraid of investing. so it's not wrong for us to save ourselves instead of taking a loan at the bank. This is the point I made.

Because of what, Invest if we don't have confidence in what he is investing, it's better not to ever try it. because the key to investment is faith and patience. Moreover, as you said, investment has a high risk, but it is also possible that we will benefit in the near future by investing in bitcoin. I mean Invest wisely and Dyor. don't invest because you go along with other people.

Well, renting is never a choice but it's a compulsion, one who rents a place to give doesn't do it because they want to but they do it because they have to, the main reason behind that is of course lack of finances to be able to buy a property. You can never find a person who has enough money to buy a home but still lives on rent, if you find anyone doing that, that person is either out of their mind or have some complications in their life.

So the answer to the question of whether one would like to have their own property or rent a house will always be that they would like to have their own home instead of paying a certain amount of money in rent every month and living in different places in different phases of their lives.

For sure, all of us wants to own real estate properties and to live in our own home without the need of renting but we have different financial situations. Some people choose to rent over buying properties because of a lack of funds and renting is what they could only afford so that doesn't mean that renters choose to rent because they are not into buying land properties. It's just that we have different privileges.
It's just a good thing that there are rent-to-own programs in our country which will also help renters to own land properties by renting for years. It may take a long time but I think it's a better opportunity than just renting alone. I'm sure that if we are all financially capable of investing, real estate investment will be one of our main options.

it's just like for example not me against it, maybe our country's area is different. but I'm sure land is the target of business people and that's not a mistake. surely a lot of land is still vacant, it's just that different needs for strategic places and the power of money make the choice. Even vacant land far from cities or strategic places is now the target of family investment hopes for the future. maybe for young people they haven't thought about it that far but thinking earlier is better.

You are right. Because of course the majority of people also want to have their own home when they can afford it. But yes, financial conditions are indeed one of the obstacles for someone to be able to buy a house. Inability from a financial point of view often makes someone have to keep paying rent for the place where they live. But I believe if he has a strong desire that is accompanied by careful financial planning for the future. then surely someone who rents will also definitely raise money to be able to one day own or buy his own house. But of course he must have an amount of income that allows him to still have money left to save or invest.

if I have the ability to buy real estate, then I will buy it. however, when we rent land, a house, an apartment, or something that is our primary need, then the main goal we have is to own it as our own and not rent it. we know that with rentals, a certain percentage of our income will go towards paying those rents, and that will continue to happen without increasing the amount of investment we have.
On the other hand, if we have the ability to buy real estate, then we can grow further, moreover, we can also rent out the place in the future.
However, this all depends on the financial capabilities of each. if he can actually afford the thing, then he needs to buy it, and if not, then the alternative is to rent 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

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.

Just like what other guys have been telling here, it actually depends! And that is the truth!

The topic seems to be pretty common as well on TikToK from Financial Gurus that will definitely recommend go for a bank loan to build the building and buy the land, then use the rent income to pay for mortgage. Pretty easy to say and hard to execute.

Just like what Dave Ramsey said, credit is a risky business, and to add from Mark Cuban, "if you loan a capital for your business, you're stupid because there are a lot of risks in business but the only guaranteed is paying back that loan.

The question goes, what happens if you don't get tenants for your building? Do you have plenty of alternative income sources to compensate? If yes, then continue, if not, please don't - you're gonna waste your payments.
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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.

No one would want to settle renting the property forever, as you are always spending money for rental and yet, you won’t own the property in the end. That’s why buying a property is always the best option. But if taking a bank loan is the available option for you to gain the property, for me the answer depends based on how much the monthly amortization is and if you can still manage to sustain your necessities from your salary net proceeds. Because if not, then don’t compromise your present income and struggle on your finances. Just slowly save from your salary and keep your extra money, and once you can afford to buy it in cash, then never hesitate to make your goal realized.

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.

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.

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.

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

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.

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.

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.

While your viewpoint on market operations and discretionary purchases is fundamentally sound and relevant to a degree, it may overlook the sophisticated dynamics of market systems. We are not bound to purchase a house or a car, but we cannot discount the external variables influencing these choices. Around the globe, asset ownership, such as homes and vehicles, transcends luxury - it's often about necessity and meeting fundamental needs such as shelter and mobility

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

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/ (https://axonproperties.ca), who can provide expert advice and insights into the local market.

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.

many say to do something according to ability. With property prices soaring high, it seems that it is impossible to buy it, so many people choose to rent it. but if someone feels capable, then don't delay, because in the future it will be more expensive and that is certain. therefore in life we must have targets and priorities, so that there are no wrong steps in financial management, do not prioritize prestige in life, because in the end it will be difficult for us ourselves to live life with such a lifestyle

well, those are the difficulties to be faced when our goal is to own our own home. if we are still renting a house at this time, then the next goal is to have our own house. it's better, whether it's in the investment, or in the next thing. maybe we will get quite a lot of difficulties, such as trying to be more economical, and others. however, it will pay off when we already have our own home. in fact, it can be felt by our children and grandchildren in the future. look at the long term. I know that it is not easy to do this, and the source of income is very influential, but someone with strong beliefs should try to own their own home. very much to gain from it.

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.

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.

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 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.

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.

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 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.

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.

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.

Why do you have to be faced with that choice and sell for half the price, yes we don't sell it unless it's an urgent emergency while there is no money left except selling from the Real Estate, it's not a good choice we all know that Real Estate is a long term of at least 10 new year we will know a sizable profit.

Don't buy Real Estate in a country that is at war then it is not good in terms of any economy including there will definitely be an impact on other property markets, look for a country that can or can also be a safe area then of course the area will be better than a dangerous threat, I think that only some parts of the country are affected by war, the rest are mostly peaceful countries and have fast growth in their economies.

Obviously, I didn't buy real estate during the war. It was my property before. The choice I'm facing right now is driven by circumstances in my country, but even without war and similar disasters, real estate is no longer a priority. Much more attractive types of investments have appeared that pay back not in years, but in months. Why invest in real estate that comes with both risks and inconveniences and wait years for it to start paying real dividends?

As for buying real estate in other countries, not everyone has such opportunities in legal terms. For example, buying real estate in EU countries has a lot of restrictions and obstacles for those who are not EU citizens.

According to some surveys and statistics, real estate is still the most appreciated investment and the preferred choice of billionaires and the super-rich.  it is true that today there are more attractive investments like bitcoin, but its risks are not small and cannot be considered superior to real estate.  evaluating an investment needs many factors, not only about profit, high return is high risk, and low return is safer.  I don't believe some people don't like real estate, only people who don't have money to invest say they don't like it.

Investing Crypto is interesting especially when talking about profits, but yes the risk of crypto itself is also large, we must also be aware of it, I myself invest in crypto but I realize what risks I will face in the future if I do not choose good crypto What I have to buy, but the context is not about crypto or comparing real estate with other assets, the context is Buy/Real Estate Rent when you have money for a place to live.

It is clear if I will buy real estate (if it's for a place to stay) because basically if you only rent one day you have a financial failure, and you are unable to pay rent, it will make it difficult for you to live, but if you have a property Own own, even if you don't have money, at least you can sleep well, or can sell it, or also you can rent your property to other people and you can choose a cheaper place to live.

It's because the land mass is very limited mostly to the small but progressive countries. And even there will be a crash, real estate asset and properties will still remain intact and retain a lot of its value.

Deep inside, if they've got a money the first choice is going to be real estate. Trust me, many do like to own lands and rental properties but its main requirement is to have huge capital even if you'll mortgage it.

It's a very difficult situation to face in that country so some people are still reluctant to buy real estate in conflict areas or don't have good growth, I can understand your situation but that's what I know that real estate is still an asset that most people want.
If there are other investments that are more profitable then that is the right choice apart from real estate, in fact there are many kinds of investments that we ourselves have to determine which is better for the long term.

I know about that law and it's not as easy as we might expect buying real estate in other countries there must be a process that hinders limitations unless some billionaire can do it.
We are talking about a region where it is still easy to buy real estate.

The truth is always harsh and disheartening. But we need to be realistic that the people who always say they don't like investing in real estate and will only choose to invest in bitcoin are the ones who don't have a lot of money to invest in land. Because real estate investment is not easy like bitcoin, we have to have a lot of money to do it, and that's why the real estate market is only for people with a lot of money. I believe that the dream of owning real estate and a house is everyone's dream.

Renting may be a better option for those who value flexibility and do not want to be tied down to a specific location or property. Renting also eliminates the need for a large down payment and ongoing maintenance costs. Renting means that you do not build equity in the property and may face rising rental costs over time. While buying property can be a good investment in the long run, as it allows you to build equity and potentially earn a profit when you sell the property. Buying requires upfront investment, including down payment, closing costs and ongoing maintenance expenses. Owning a property ties you down to a specific location which may not be ideal for those who value flexibility. It is important to weigh the pros and cons of each option and consider factors such as financial stability, lifestyle, and long term goals before making a decision.

And we don't even know that those who don't like real estate and keeps on saying that they don't like are likely to invest in Bitcoin.

I think those that don't have money to invest in land are not all of them that do like to invest in bitcoin. But it's a good alternative for them because this is a good asset to invest with their money.

They can buy as much as they can and not needing to own a whole of it and at the same time, they can DCA.

I think people wanted to have their own real estate property but the financial shortage keep them from owning such things.  If we own the property, we are free of any monthly expenditure except for the annual task which is way too cheap compared to the money spent for monthly renting.  And if we want to move to another place, we can always sell the property and use it as a fund to buy a new property elsewhere.  So I always think that buying a real estate is way better than renting one since at the end of the day, when we decided to buy real estate, we end up with something that we can sell after wards while renting will only give us a house to stay.

Everybody wants to have their own real estate properties but it's true that because of financial constraints, that can happen easily to them. So those that own already are blessed to have it because they can now move on to their next strategy whatever the plan they've got or if they want to have as many properties as they have.

This is only if the property that's about to get sold is in a good location. Sometimes it takes time for those properties to be sold if they're not in a good location so it's not that liquid for those owners if the property is located somewhere far and likely in rural areas.

Renting vs. buying is a hot topic, and it really depends on your personal circumstances. If you have the means to buy a property and your income supports the mortgage payments, it could be a good long-term investment. With a 10% appreciation rate, you can potentially benefit from property value growth. However, renting also has its perks, like flexibility and not having to worry about property maintenance. It's important to consider factors like your financial goals, stability, and lifestyle preferences. By the way, I'm new on this forum and currently looking for properties abroad. Have you heard of Grupo EcoQuintas (https://grupoecoquintas.com/)? They offer unique and sustainable properties, and I'm considering this as an investment option.

If my income is stable then buying property is the best choice, because one day the property will become our complete property without having to think about installments every month, such as being in a rented house, even though buying our property uses money from the bank but when all we have paid off then everything will feel safe, but this must all be in accordance with our income that is able to pay the mortgage and approval from the bank, But some people save until they can make a place to live without having to lend to a certain bank, so all this depends on each of us.

I tend to buy rather than rent, but only when my finances are good. Buying in installments has not been one of my plans so far especially with regards to property but maybe someone else will approve of the buying strategy especially considering the financial situation as well.

My main worry in installments is when they lose their source of income for one reason or another. If that happens, then their repayments stall, arrears occur and financial pressures mount and they may have to change their plans midway through. I don't want to experience that, so I may have to be patient enough to buy it in full without installments.

Lol, I am even surprised you are asking this to be sincere, with you analysis of own property yearly appreciation  of 10 percent and the yearly increase in rent of 15 percent, this alone should already tell the which is best to go for as long as the person can comfortably afford both.

For me, there is never anything as better than as owning your own property, though some times , the location of the property should be very much considered before acquiring it, but then, if we find a property in a location that is experiencing rapid growth in development, it is best to acquire a property there than stay on rent, even if acquiring the property means borrowing from the bank.

If you have enough money then buying a property is the best thing, of course anyone doesn't want to rent because rent is a waste of money, but not everyone can buy a house or apartment so they have to rent, and in my opinion the first thing is to be optimistic and always try to save money.

You are right; owning a property is usually much better than renting. I know that sometimes the location is also considered, like you have said. But, for me, as long as the location is not made uncomfortable by criminals or thieves, one can still live comfortably there, maybe until other development begins to go on in that area. Just like one location where my in-law built his house, I can remember very well that when he stated building that house back in 2016, there was no one else building houses in that area. Around 2018, when he packed in with his family, it was only him and one other family that were living in that location. They were surrounded by bush, but today if you go to that place, every place is filled with houses; even one plot of land is more than 100% of what it was In 2016. So, location can be considered, but if it's still a cool area, there is nothing wrong with just building your house and living there.

Nothing beats out on having your own property or real estate rather than on having that renting which it is really that just a common sense but we know that in todays world on which not all would really be able to

afford on buying or getting one because we know that these properties arent really that cheap.If you are really just that an average wage earner then you would really be needing to work lots of years for you to
be able to acquire one. This is why this is something that gives out advantage into those people who are financially capabled whether they do get it from inheritance or totally came from their success in business
or whatever they've been dealing into. On the time that we do own a property then we could decide to rent it out and if there's someone who do able to do such thing then for sure
they would really be having that kind of cash flow on which it would really be giving additional income for them, the more we do have the more money we could and make out decisions on making expansion even
more on buying more and the cycle continues. Rich getting more richer and poor people would really be just ending up on renting even into the rest of their lives but this would really be
depending on how they would really be handling out their lives.

It's a very natural thing when someone is willing to rent something just because he still can't afford it now, but basically everyone always places the renting option in the second option because his first wish is to buy in cash so he's not always bothered by rent problems in his life. Renting may sound like a waste of money, but those who can't afford it will have no other option but to be forced to rent for themselves.

Objectively, buying is better than renting.

think of it this way, when you buy something like bitcoin or in this case, real estate, you're not availing service or something that is consumable, you're buying a commodity that will consistently give you profits. It's more of a barter trade than a purchase really, cause when you buy a $400k worth house, you're not $400k short of money after the purchase, it's a $400k traded investment that will consistently give you money provided that you take care of it. Of course renting has its upsides and all that but at the end of the day, buying real estate will always be better than just renting it, even the point of reasoning being the fact that houses are now expensive still goes back to buying real estate as a better choice.

Both are good options, but as far as i am concerned it is much better to buy a property than to stay rented, and i say this for two reasons, firstly that rents are never stable since, if the owner is caused to increase the latter, it would affect the tenant, destabilizing them economically as long as they do not earn enough, and the second reason would be that the stay in said place would not remain totally permanent since since it does not belong to us, we would be exposed to eviction and without the right to claim. These are the reasons why I am in favor of having something of your own, in addition to the fact that by keeping properties in your name, you can take advantage of it..for example, if you already have a place to live and you get a new acquisition, it can be rented so that you can repaing the money invested

It simply logic for me,
I rather buy than rent bit, that's in the case of if I can afford and at a good location as well.
It's hard living under the conditions of someone else in the name of having to rent a place. Let's face it,
It's an open contract that could come with some unforseen circumstances that could require you having to leave the someday unprepared and you've got little to dispute about especially when it was done through legal systems.

Buying a house gives you that rest of mind. Better still, you can get a mortgage plan that suits you and find means to making it work.

That depends on the state of life, but if you're like us who don't have own house and land, it's better to just rent. Then work hard to find extra income until you accumulate funds that you can buy your own house and land or start a business that is appropriate for the area.

Just start small until you reach your big dream. Even if we stumble, we should not give up, the best thing we can do is to think that this is just a test so that we can better achieve what we want.

Owing a housing property is what I will go for than staying in a rented apartment. Am choosing housing property over a rented apartment because when old age comes and am no longer working, I will have a place to call home in all that.

It is better to take up loans from banks to have a housing property of my own. Let it be that my salary is been deducted in percentage for bank loans for years than staying in a rented apartment that will not end up being mine in old age. That doesn't make sense to me.

It's not as if it's an immediate mandate for someone to have a house of their own or land that they want to build, but just that it's a necessity that one must have a plan to have their own apartment built or bought instead of living in rented space for their entire life. I know that some people are not earning very well, but if they keep on saving for 10 or 20 years, they might be able to finally buy their own house. It's not just something to rush; I know that some people have the funds at hand to do whatever they please, but some people don't, and they just need to make a budget for it and create a savings plan. I told you guys here that one of my friends invested in Bitcoin some years ago. Last time I went to my place, I saw that he had built a house right in his Dad's compound. When I asked why, he said the money was not enough to buy land in another location, so he just had to use the space in his Dad's compound. So, sometimes we just need to really create a savings plan or an investment with a goal for what we will do with it.

This decision is made more complex when you consider that renting and buying both have robust advantages. Nothing can be compared if you are the one who owns the place instead of renting it out. Renting or buying house they both have advantage as well as disadvantage. It totally depend upon your monthly salary but in my point of view building your own house is one time investment with huge capital. But once you done you and your family never have to worry for shelter in future weather you are  there or not, they never suffer.

It all depends on the place and also finances, if we are going to stay in the city for a long time then whatever happens even though there is no money I think we have to find a way to be able to buy even if we have to take a loan or credit, because a house is a shelter for a family which is very important for the future and renting it is a huge waste and even sustainable for the next generation.
I will not compromise with a future residence, I will do everything possible to be able to have it even on credit or a small place.

The method of paying back the loan will determine if I will choose to take a loan to buy the property,  if it is a kind of loan that I'll  be giving enough time to pay back the money in instalments u may consider to take it because paying instalments won't really be a financial burden to me. If I see the loan will be a stress for me to afford to pay back I won't go for it, instead I'll prefer renting a house which I know I can afford to pay annually or monthly. The financial state of one will determine which one is good for one to choose .

At the end of the day it's what really matters -- to have a house that we can call our own and to ensure that we have a place to stay when we get too old to work. Moreover, renting a place will be a problem once you stop working and the income of money is not as steady as it used to be as it will be more of problem as to where you will be getting the money to pay for rent. Hence, for the long term benefit I'll surely go for owning my own property despite how long it will take me to pay for it, at least in the end it will be mine.

Yeah, I think it is a no-contest that buying real estate is a win-win situation if someone has the amount of money to buy one.

With regards to taking a housing loan, I am not sure how much the yearly interest rate but if it is just near the rate of our usual yearly inflation then it is most likely worth it. It would be like renting but we own it after years of paying. This is actually a good deal. Besides, when we are starting a family in the near future, we still have to buy a house which by the time becomes more expensive. Real estate does appreciate over time and it is one of the most solid investments, especially in crowded and developing areas where the demand continues while the supply just like bitcoin is fixed.

It totally depends on your financial situation, long-term plans, and even local housing market conditions. Buying provides potential equity growth and stability, while renting offers flexibility and avoids property risks. Consider your circumstances and consult with experts to make an informed decision that aligns with your goals.

as someone who lives in my current environment, maybe owning a private house is more profitable. However, for those whose jobs change due to assignments from the office, I think renting a house in their work placement will be more effective, especially since those who usually have received an allowance from the office for their housing, so if they have a house they are worried that it will not be taken care of, and if they are rented out, they are afraid it will damage our house

Many believe that renting is a waste of money but there is a justification with that. If you're the type of person that sees jumping from place to another is your lifestyle and ease to your job, it wouldn't be a waste of money.

Because for jobs that do require relocation and moving out from area to area, that's a requirement for them to rent. But, we all want to have our own real estate and from there.

Everyone is going to realize that we all need a place called our own home.

For me it's better to stay on your rental property because if you buy a house and you live there then you buy a liability, I mean you could probably loan a house then still don't leave there then let it be rented as well with that the house if paying for itself. That is just because you don't really have a plan to sell the house since your just planning to live there right? so it wasn't going to be an asset but a liability on your side.

Your gonna need to have a lot of sources of income, multiple income streams is the easiest way to get rich and earn a lot more money, if you're going to buy real estate and your going to live there then you just keep up your lifestyle instead of making more passive income, It's just my personal thing but for me, if it is just so expensive to get a real estate yet then maybe you should focus on making more income yet and be wise with it. But maybe it will still depend on what is your situation at some point.

Well, if you already have enough money, of course, buying is the best way. But if you choose between buying but from the money borrowed or choosing to rent while accumulating enough money, of course this choice is a little confusing. But if we want to feel more at ease then it's better to collect money first until it is accumulated until the value is enough to buy a property. This method might make our minds less anxious compared to taking out a loan that must be paid every month, of course. But honestly I'm a little confused at this point. a few months ago I thought differently. and at this time I also have a different thought back. because indeed we have to consider various conditions before making a choice.

In addition to the availability of money, it will also depend on the situation in the country, if rockets fly overhead, it is difficult to think about buying your own home. At such a time, rent looks like the best option, perhaps this is not the most profitable option, but on the other hand, you can move to another place, to another city at any time and nothing will hold you back.

Buying a property will be my best option. Renting an apartment with an increase of 15% yearly, it may get to a time that this will start affecting your earnings. With this 15%, you keep losing more money yearly but if it's property, it keeps generating more income to you.

Maybe this is certainly a choice that can be different from one another because the perception and way of thinking with the circumstances of everyone will not be the same. But if I prefer, trying to buy a property, even though it's possible to buy it right away, is certainly not easy. must be adapted to economic conditions as well, but if the alternative is having to borrow from a bank, of course there is nothing wrong, compared to if we rent every year but will never own one.

The main point is to open our minds, that buying property is not always better. But not necessarily the place that is rented out is also better, it all depends on the conditions and circumstances of each.

I want to share my brother's experience, he after being married for five years, he rented the property, moved the rental location three times, ranging from $ 2000 to a maximum of $ 3000 per year in one cluster. always in the city. If you have money, you always play it for a business or business, actually the money is already there to buy a house, but if you prioritize everything at home, your monthly income will surely decrease because the money you have spent so far on business will run out.

Gratefully, in his sixth year of marriage, he has finally built a house in the village, spending around $30k on the interior without having to whittle away at the amount of money circulating around the business. yes, but in villages because it's cheap, in urban areas, of course, the price is more expensive.

The point is, from my brother's experience, if we have the opportunity to make money, it's better not to buy property first, but if you don't understand how to turn the money around, just buy bitcoins gradually.

Yes, you are right. One person situation is different from other. If a person is an employee then he should increase his knowledge about business. He can read books, article and see videos and can hear audiobooks. Rent is a liability that takes out money from our pocket. Firstly, invest in business and then buy house. Big house is liabilty, when someone business is on peak, he can buy own house. Rent of property increases every year by 10 to 15 percent vary from area to area. Through a financial knowledge, every person can build his/her own home because financial knowledge is necessary for cash flow management. If a person is financial literate, he can build business and can build his own house and can rent out properties. If a person is financial illiterate, he will destroy his generation by leaving them in a worst condition. Buying real estate is best option than 
living in a rented house. Rent is headache at the start of month when salary comes.