Is renting an inevitable waste of money?

[Wiwo]

It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.

Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome.

-taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.

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[Theones]

It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.

Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome.

-taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.

when you have no option than renting is the only option remaining.
But when you are talented and have small space try to build your cottage.

[Mauser]

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.

The main argument for renting vs buying a house or apartment is that you don't lock yourself down in one place. In my country it has become quite common for people to change their job frequently, a good friend of mine for example lived in 3 different countries over the last 8 years. Owning an apartment in such a case would make it much more difficult to switch cities and accepting a new job. Renting instead of owning gives us a lot of flexibility and also is less cost that we need to pay each month. When buying an apartment or house it involves usually 80% of borrowed money which can take a very long time to pay back. Especially now in times of inflation rates of 10% the borrowing cost can increase quite a lot down the road. It can take 30 years to pay off one house and is going to put a lot of constraints on us.

[Pujangga]

Renting money is of course a common thing in life, the presence of an online loan application makes it easy to borrow, but we must understand that renting money is something that can mess up long-term financial plans, if there is no urgent need then avoid taking a loan .

[slashz9]

not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.

[Wiwo]

It's understandable to have concerns about taking out a loan to purchase a property, especially if you're in a long-term relationship or uncertain about future job opportunities. Researching the housing market and consulting with a financial advisor can also help make an informed decision.

Their future economic situation depends on various factors and at that before ops should take any long-term decision such as acquiring a property with the girlfriend he is not certain of being with in the future should be something he needs to avoid from now because this may result in many things that both ops and everyone involved may not like the future outcome.

-taking a loan to purchase a property may not be the right thing to do, but then again we may see a couple of reasons why that may happen e.g getting a new job or having a baby that needs extra room.

when you have no option then renting is the only option remaining.
But when you are talented and have a small space try to build your cottage.

Exactly owning your home is the best form of decision anyone can make and as a matter of fact, those who rent have no stability because the rent is reviewed at a fast interval and before you such out some other personal issues and pay bills you discover you have nothing left.

-It will look as if you just working to pay house bills, but when you have a space to build your structure then it is best advised to do so no matter what the cost is

[capedbaldy]

not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.

We have to limit the time to rent a house because after calculating all the costs of renting a house for years it has reached the price of almost a simple house, we have to have a target of living in a rented house for no more than 3 years and work harder to save to buy a house, so you have to work extra to increase your savings and do any business according to your basics to get a high income.

[Pamadar]

not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.

We have to limit the time to rent a house because after calculating all the costs of renting a house for years it has reached the price of almost a simple house, we have to have a target of living in a rented house for no more than 3 years and work harder to save to buy a house, so you have to work extra to increase your savings and do any business according to your basics to get a high income.

That's reality, if possible to loan then better to do it instead of keep renting if you are planning to stay in such particular place for good, though it's un-avoidable since renting is the only option for those who don't have savings to buy a house.

They need shelter to stay and even it's just a rented house they will go for it and try to survive,
save and try to work with your opportunity to stop renting and start owning your house.

[xSkylarx]

not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.

We have to limit the time to rent a house because after calculating all the costs of renting a house for years it has reached the price of almost a simple house, we have to have a target of living in a rented house for no more than 3 years and work harder to save to buy a house, so you have to work extra to increase your savings and do any business according to your basics to get a high income.

No matter how hard it is on my end, even to the point that I got sick, I still can't afford to buy a house. We don't rent, but we do share bills, and we also can't call it our house, which is also my goal. 5 years ago, we wanted to own our own house, but even with two jobs and a side hustle, we couldn't do it. No matter how hard you work and save money, there are times when you will spend it on an emergency. That is why I decided three years ago to have an installment land contract, and that is my plan to build a simple house if I've got enough money.

[Gaza13]

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

Maybe you could consider having a roommate. That can help reduce costs and increase your savings

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

financial stability is very important, and you need to make responsible decisions to ensure long-term family well-being.

Thank you for the advice and input friends and for motivating me to get out of this difficult time, I will apply the suggestions from friends in the future.

[Smack That Ace]

not really, some say renting a house is better than buying a house in installments, because the interest in some countries is very high, I see interest in my country is very high, but people still buy houses on installments, they think that they are afraid of losing opportunities because the population is increasing, even though house prices are very expensive, not everyone can buy a house easily.

We have to limit the time to rent a house because after calculating all the costs of renting a house for years it has reached the price of almost a simple house, we have to have a target of living in a rented house for no more than 3 years and work harder to save to buy a house, so you have to work extra to increase your savings and do any business according to your basics to get a high income.

I used to have to work far away and stay in a rented house for 4 years. Because I am a worker, I have been looking for a cheap house to rent, the cost is about 50-60$/month, if calculated for 4 years, it is about 3000$. Meanwhile, to own a real estate in the city where I work will cost a few tens to several hundred thousand dollars, and with the salary of workers, even if you pay in installments, it will never be paid off. Not to mention you also have to send money back home to your family. It's easy to say because no one wants to stay in a rented house or have to work as an employee, but when you're in that situation, you'll understand it's not as easy as you say.

[Paul Pogba]

Renting money is a habit that people do when they feel they have a need but don't have money, under certain conditions we need renting money, but after we get older and understand life then it's time to make the best financial preparations.

[ashmodeus]

well , although this seems simple question,but actually kinda difficult to answer. First, we must know what exact goal, me personal seems have a luck to get free house from my death parents, luckly this house have insurance so i get this full free after they gone, but if u ask do u will renting if that what i say before never happen ? ofc, i will rent, i live in capital town,everything is expensive, eventhough there are people who want to sell their house cheaply, instead of living there, i just buy it and rented it,since my goal will back to my hometown and getting old there.

[MarjorieZimmermanGinger]

The most common reason why people choose to rent is because they do not have the ability to buy and build their own residence, so the most ideal option is to rent. In the country where I live, there has been a subsidized housing program from the government in collaboration with the Bank and this has been going on for almost 10 years or so.

The only worry when you try to take this opportunity is not having a backup plan to cover the monthly expenses when they are due, which is why loans in this form will not look friendly to people who do not have stable financial capabilities. I believe there are consequences when a monthly fee is due you can't pay, especially if it goes on for nearly 15 years. We never know how our lives will be 10 years from now, if financial ability only refers to this income, not to mention when we have bad luck and are fired from work.

I try to summarize the experience that I did ?

• Still living in a rented house or parents' house, but trying to increase the amount of savings and investing. I choose bitcoin for long term investment because it is reliable in keeping value.

• Make a target timeframe for building your own house, even though you have to start with a simple way.

• Calculation of investment in bitcoins regularly and continue to collect until the target is reached.

• If the target goes according to our expectations, then building or buying will be much more profitable than taking loan opportunities or repaying for the duration that you convey to buy a house.

[Theones]

The most common reason why people choose to rent is because they do not have the ability to buy and build their own residence, so the most ideal option is to rent. In the country where I live, there has been a subsidized housing program from the government in collaboration with the Bank and this has been going on for almost 10 years or so.

The only worry when you try to take this opportunity is not having a backup plan to cover the monthly expenses when they are due, which is why loans in this form will not look friendly to people who do not have stable financial capabilities. I believe there are consequences when a monthly fee is due you can't pay, especially if it goes on for nearly 15 years. We never know how our lives will be 10 years from now, if financial ability only refers to this income, not to mention when we have bad luck and are fired from work.

I try to summarize the experience that I did ?

• Still living in a rented house or parents' house, but trying to increase the amount of savings and investing. I choose bitcoin for long term investment because it is reliable in keeping value.

• Make a target timeframe for building your own house, even though you have to start with a simple way.

• Calculation of investment in bitcoins regularly and continue to collect until the target is reached.

• If the target goes according to our expectations, then building or buying will be much more profitable than taking loan opportunities or repaying for the duration that you convey to buy a house.

As stated above online money and instant loans have changed the life of the poeple altogether

[Cryptock]

Rent mainly depends on the locality, and it subjective cause if you're a working person and need a house or an appartment very near to your working place then rent is cheaper compared to buying the same property, whereas in long term paying rent becomes obsolete while paying mortgage gets you a house at the end but if you're moving then you can simply switch your house when you're at rent but once you bought a house then it will be there forever.

If a man can build a house of his own, then it is a great thing for him. And if he does not build a house, if he wants to rent someone else's house and live in it. That seems very foolish to me. But what I am  Realized that it would be great to build a house for myself. What some people think, I have to do what I have to do to live happily and peacefully for the rest of my life. I think I need a house for myself.

Of course, there is nothing more comfortable than being in your own home. But nowadays, owning a home is not easy. In my country, for an office worker to be able to save up to buy a house, it takes at least 5 to 10 years, and this will be even further for workers. It can be said that real estate is a luxury for many people, so many people tend to rent houses because, in life, we also have hundreds of other bills to pay, not only saving money to get a house.

great point mentioned - when you have your own home you decorate it with love. But sometime you are not destined to live in that house for long.
You shift to the new place and start all over again. Then you start paying rent and maintenance from scratch

[Timphan]

renting is something that is inevitable in life, in today's difficult situation of finding a job

[Ngewex Yuk]

Renting money is currently a fast solution for everyone, this makes a consumptive and wasteful mindset, it's time for us to think about doing creative things and be able to make money, not just relying on renting money.

[Theones]

Renting money is currently a fast solution for everyone, this makes a consumptive and wasteful mindset, it's time for us to think about doing creative things and be able to make money, not just relying on renting money.

when you don't have enough saving to get a house then there is no option but to payoff the rent.
But there are smart people who know how to get rent from their property while they are also renting. They are the smartest people

[gaston castano]

in the view of some people maybe they are better off buying a house on credit and paying for it over 10-20 years.
than that I prefer to build my own house and rent it first.
because the money you spent for those 20 years, you can use it to buy 2 houses at once.
you just need to patience.