Own a house or rent one? Quick survey!

[pinoycash]

If you can pay a mortgage loan to buy a house, I think that will be good for you, even if you need to do that for more than 10 years because you will have your own house after that years. On the other hand, maybe rent a house will not too expensive for you, but if you can allocate your money to buy a house, you can have a house without paying the fee of rent a house anymore. But if you have another plan by renting a house, I hope you can thinking more to find which will be good for you and calculate your money before you decide.

Its not easy to take a 10 year housing loan, Anything can happen within those 10 years and in the event you lose your job, you will lose your house too. Its better to rent for now and save up for a future house since its all the same as getting a mortgage for 10 years.

[Natsuu]

Owning or renting

I prefer renting than doing a house loan for several reasons:

1) Renting gives me the capability to leave anytime I want, whenever a situation arrives for me to switch place. I don't consider myself to be able to stay at one place for a very long time, but this might change when a situation occur

2) House loans is crappy in terms of expenses. Especially when I'm busy, working with those expense paper is a real shit in my time, plus it will make my day sure miserable

3) owning a house is only in for me, when I have my own family. and I'm rich

4) I don't know if its for everyone, but I really like living in a condominium/apartments for I don't need to maintain the lawn or anything specific myself.

[avikz]

Many thanks for all your replies. Even though many replies are not straightforward enough but I have got 5 pages of replies to analyze. Thanks for sharing your suggestions as well.

I am locking the thread now to prevent any more replies because I don't want this thread to become a spammer's heaven. Thanks again!