Is renting an inevitable waste of money?

[paxmao]

Renting makes sense if you are moving from one place to another or you do not have stability for any reason. Otherwise is, in general, and that may change with the markets and the crisis, to buy getting a mortgage if the interest rates are reasonable and if you have a reasonable expectation of continuity in your income.

Also, if you have children, it is usually a good idea to have "roots" in a place. They appreciate that stability in the early years.

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[errorcode99]

If you're young and haven't inherited a property from your ancestors, chances are that you're forced to rent. Personally, I've been renting for over 6 years and have been living with my girlfriend for the last 4, sharing rent and utilities. Overall, we've both spent over €25,000 together, and after spending all this money, you're practically left with nothing and may be subject to looking for a new house at any moment.

The average rent for a one-bedroom apartment is between €300 and €400 at best; thus, I was thinking that taking a loan is as costly as paying rent per month, but after 15-20 years, you end up with a house. My main concerns are the following: First, if you're in a long-term relationship like myself, you can never be 100% sure that you'll be with that person in 20 or 30 years from now, which might prevent you from opting for a loan. Secondly, you need to be certain that the location or city of the property to be bought is convenient for future job offers and so on. Thirdly, because a loan is a many-year commitment, there's no guarantee that you'll be able to afford the monthly payment 15 years from now.

On top of that, finding the ideal house as a renter is almost impossible; there's a lack of housing, and rents are extremely expensive and unreasonable at the same time. We had a difficult time finding a house recently, and it's far from ideal. There is now a new government-funded loan program that is about to start, funding up to 75% of the loan interest-free while the rest is funded by private banks and is subject to a relatively low interest rate. This led me to think about taking a loan and purchasing an average two-bedroom apartment, but I have the concerns that I voiced earlier.

Home is a place where someone can rest after a hard day. So, Flat Ownership is very necessary. On the other hand, paying rent on a house is very difficult. Because, inflation is the reason for high house rental prices. Otherwise, renting or buying a home with a loan is stressful and there is no guarantee of surviving the future loan term. Even paying the high borrowing costs is a difficult matter.

[Gaza13]

Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.

Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.

Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

[Freddie Boyer]

Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.

Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.

Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I understand that you are in a difficult situation, and it can be difficult to make ends meet, especially when living in a village with limited job opportunities. It's understandable that you would want to take every opportunity you can to improve your family's economic situation.

Renting a house can be a responsible decision if it helps you stay close to work and provide for your family. However, one thing on record for me and/or anyone else is that financial stability is very important, and you need to make responsible decisions to ensure long-term family well-being.

[Pamadar]

If we rent a place to live, of course, it has become a basic need that we must fulfill, although renting is indeed a waste that we must go through, but besides we rent we must have a target to make a savings to be able to buy our own house, because renting a place to live for a long time is certainly not what we want, then we must be able to live reasonably in the place we have rented because not all places we rent can be comfortable for sure There are many shortcomings, and all need a process to be able to have their own place.

well of course if we are in a financial condition that can only afford to rent a place to live then it will indeed be a waste that we cannot avoid. but we can minimize this waste by looking for a house that can be rented at a lower price. can be done by renting a place to live a little far from the city. because the cost of rent in urban areas is much higher than in suburban areas. but at least we also have to adjust it to the distance that doesn't make it difficult for us to get to work. but if the person works at home like a freelancer. then I think wherever is fine.

Further savings steps can be taken in managing the cost of everyday life to be more effective. such as avoiding unnecessary expenses. so that we can still save and invest to buy a house in the future. because renting a place to live for too long will only make us trapped in a financial condition that is not progressing. so if we are forced to rent, then we have to be more economical in our daily lives so that we can save and invest to buy a house someday.

You need to consider those factors to save some and not to completely waste your money if there's no way for you to purchase or loan your own house, renting if un-avoidable you should maximize your finances.

I like that idea to rent far from the city if you can use to live on that kind of place, it will be much
cheaper and the cost of living is far lesser compared to how it cost when you are residing in the city.

[D ltr]

Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.

Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.

Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

the conditions you say like this are very reasonable if you rent, if you work out of town,
My only suggestion is if you are already a permanent employee, take your family with you to the city, so that there is no division of money between your family and your life in the city.
little by little you can collect money and collect this money you can take subsidized housing from the government

[Iroh]

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.

Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.

[karmamiu]

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.

Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.

That is also a wise decision to make since you can share the expenses along with your roommate, but before you consider someone to be your roommate, just make sure that he/she can be trusted.

Getting a job in a city while renting a room is very hard specially when your wage is below the minimum city's wage? you will have a hard time making money to send to your family since you also need a bit of money for yourself because food expense in the city alone is quite expensive. I had experience this kind of job too, and yes, we are also in a similar situation where I need to leave from my hometown to work the opportunity given to me by my uncle, sad to say my uncle died 2 years after and that his wife started physically abusing and mistreating us, so I went back to my hometown which is also my current address now.

[nur rochid]

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I wholeheartedly agree and respect your opinion on renting a place that’s much closer to your place of work than having to commute from your village.
Understandably, getting a job in the village with an organization that’s located in the city would be very difficult as most employers would want their employees within reach at most times.

Fortunately for you, you’ve landed a job in the city. While it pays less than city standards, it definitely wouldn’t be the same rate you get for jobs back in the village. If it isn’t, you would not be so willing on renting.
Perhaps you might consider having a roommate. That could help reduce costs and improve on your savings.

The most important things when we go abroad are food and room rent. a little experience from me at that time renting a room for 2 people so that the burden was borne by both of us, on the other hand when eating we cooked ourselves, so this could reduce expenses. on the other hand, with the little money we have left, of course we think about investing or saving, so that later there will be an increase in the economy, or we can open a side business, so that life does not just stagnate

[BenCodie]

In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.

[wmaurik]

Renting is definitely not a waste of money. For me, it's apart of good planning. Usually people who choose to be independent start in renting a place temporarily then buy their own upon having enough savings. Also, there some people I know who don't prioritize having their own job and maintains renting an apartment because it 's more convenient for them.

Renting an apartment is also a very good choice because it can also be a temporary alternative for a place to live before someone has their own house and it's also not a waste because usually the rent per year is always cheaper than the rent per week. But for me personally it's always more comfortable to have my own house because I just want to live with my family without the burden of rent, although renting an apartment isn't such a bad thing to do either.

[imamusma]

In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.

This of course differs from one person to another. You could say it's better for you, but of course you can't guarantee someone is also good for considering it. It all depends on the economic conditions of each, the jobs they have and the salary they earn. There are those who prefer to rent, there are those who will choose mortgages, they can also buy it in cash and of course it has to be adjusted to their respective economic conditions.

If it were me, I'd be more likely to rent while saving enough cash to buy it for cash or build it instead of a mortgage, which are options that suit my economy conditions.

[Lida93]

Only those that have been or are in your shoes can really relate to he reality of what you OP is facing now and it's really hard to tell where the next best decision lies. Some people are so fortunate to have ancestors that left them a great property like a house and they end up throwing that away by gambling it away for obvious irresponsible and reckless behaviors.
Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.

[Kadal Ijo]

The habit of renting money is a bad thing that must be abandoned immediately, renting money is a waste of time and wasteful because we have to pay interest, this is what makes us have to think and immediately take productive actions, for example looking for other income alternatives.

[mich]

When it comes renting an apartment versus buying a house in my opinion is not a waste of money for a number of reasons. One of them may be that you are still a young who may not have the money to buy a house.
Another reason why it can also be why people would rather rent than purchase a home may be because they do not have a big family and do not need that many rooms. Purchasing a home, at the wrong time can also be costly for the buyer who can find it difficult to make their mortgage payments on time.
This is why they recommend starting to save money so that when the time comes to make a big purchase you will have enough to put down 10% on the home you are looking to buy. Renting an apartment may be the only option for some and for others a temporary place to live. It is always nice to know that you can live anywhere and just pack up and move.

[Dr.Osh]

The habit of renting money is a bad thing that must be abandoned immediately, renting money is a waste of time and wasteful because we have to pay interest, this is what makes us have to think and immediately take productive actions, for example looking for other income alternatives.

actually, it's okay to rent if it's an emergency. like we really don't have a place to live or anything important. however, there needs to be an alternative to that, to get us out of that situation. for example, we need to save a few percent of our salary to buy these necessities so we don't have to rent them again. renting may not be called a waste of money because it is our primary need. we really need that. however, it does need a change. sooner or later.

[Pamadar]

Only those that have been or are in your shoes can really relate to he reality of what you OP is facing now and it's really hard to tell where the next best decision lies. Some people are so fortunate to have ancestors that left them a great property like a house and they end up throwing that away by gambling it away for obvious irresponsible and reckless behaviors.
Renting does renders ones efforts to be rendered fruitless cause it's all like all your hustling for is to just fix another's pocket at the end of the money or year by paying off your rent. It's a hard situation actually.

I support this statement, only those who are experiencing it right now who can confirm the needs and how they really aiming to own their house but because of lack of capability the only option is to rent.

A waste because even you pay for your bills each month, the house will remain as the owner's
property and will never be yours.

But for those who don't have any option, renting is the only thing that they can afford.

[harapan]

In times like this, both renting and acquiring a mortgage loan is a waste of money. In the past, the wiser move would have been acquiring a mortgage over renting, as you are paying off an asset....but now, during a time where we are potentially entering a long-term economic crisis, interest rates are likely to continue to sky rocket and getting a mortgage could be a one-way ticket to the demise of your wealth. Renting might be the next best option. I believe buying a mobile home outright, home sharing by rent or by group-purchasing a home are the best options in this economic climate.

It all depends on what works for you actually. I believe buying a house means you want to stay there permanently or at least for a very long time. It also still depends on the country you leave in. In some countries its very difficult for get a mortgage loan so they have to buy the house outright or pay by installment to the real estate company.  If you leave in that kind of country it would be way better to rent. In some countries people save money to build their own houses. This takes time but its better because by the time you have a family you'll have a house of your own.

So I don't see any of them as a waste of money because it a place where you'll live. Yea, Inflation makes things too difficult for people right now but you'll do what works for you. As for me I still rent but the goal is to get your my own home someday.

[Minecache]

Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.

Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.

Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I've been through what you've been through. It can be said that renting a house when going to the city to start a business is the only option, we don't have a choice, let alone whether it's a good or bad solution, and I don't consider it a waste. For a worker in a third world country, it is impossible to accumulate money to buy a house unless we have other sources of income, so it can be said that renting is mandatory.

I am fortunate to have only left my hometown for 3 years to start a business, but many of my friends have not been able to return to their hometown and have had to rent houses for 10 years. Many say that if they don't rent, they can buy a house with that money in 10 years. But I want to ask that in those 10 years, if they don't rent a house, where will their family live?

[RealMinecache]

Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.

Renting, in my opinion cannot be said to be the best solution for workers that live in the rural areas and come over to the city for work as some would find it more affordable and cheaper to commute from their homes in the rural areas to work in the city. A lot of people do this instead of going through the hassle of renting a place in the city that the rent alone would probably eat deep into your little income.

Also, I don’t think renting is as light on the tenant as you make it out to be. The landlord obviously has some obligations to keep the house convenient for living so does the tenant is responsible to keep the house as it was met. Also, the light, water bills are on you as the landlord would obviously not pay for the utilities of a tenant.
Renting isn’t the best solution as I think there is actually no best solution. People are just inclined to do whatever works for them.

you do not understand / can feel how the condition of a small person like me. In the village, I do whatever work so that my family can eat everyday. In the village, getting a job in a company is very, very difficult with the current conditions. Incidentally a relative / friend asked me to work in the city, with a salary less than the city standard. With my condition far from my family and in order to change the family's economy, I am willing to rent a residence where I live which is not far from the company I work for. Indeed, in renting a house we have to take care of it. There is no other way for me, I don't agree with renting something that is a waste.

I've been through what you've been through. It can be said that renting a house when going to the city to start a business is the only option, we don't have a choice, let alone whether it's a good or bad solution, and I don't consider it a waste. For a worker in a third world country, it is impossible to accumulate money to buy a house unless we have other sources of income, so it can be said that renting is mandatory.

I am fortunate to have only left my hometown for 3 years to start a business, but many of my friends have not been able to return to their hometown and have had to rent houses for 10 years. Many say that if they don't rent, they can buy a house with that money in 10 years. But I want to ask that in those 10 years, if they don't rent a house, where will their family live?

Except you are a fraud who steals other peoples accounts. Good job you are stuck in India. What a cesspit country.