Is renting an inevitable waste of money?

[xSkylarx]

It's a very sad anyway, just as me well I couldn't inherited any house from parents (father) before he died and I have been living in a rented apartment for the past 10 years and luckily started getting my own personal house in a city close to my village. I know it's very hard to grow without one inheriting any thing from parents.
There's something you must learn, I am not against you having a girlfriend but it should be you have your feet dusted before keeping any relationship; just as I have done, I never have any relationship between age 18 to 25 year why because I know that is a challenging time for me to seat up and breakout from whatever that may holds me not getting to my destinations.
Keeping a woman around may either increase your income or decrease your income but in a way you noticed is not favorable to you then limit and a make change and raised some funds to develop yourself.

Living independently from our own income makes us proud, your struggle is now producing things that family members never thought of, don't blame your parents for not giving an inheritance, they have given the best for you, especially education.

And make it as a motivation to strive more and earn more money so that you and your parents would be out in poverty. I know coming from rich parents could brought to you easy life but you can't learn valuable lessons from it unlike building your own empire and inherited by your child which you will know tons of experience along the way. It is not easy but you can find the true meaning of life from that journey

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[BALIK]

It's a very sad anyway, just as me well I couldn't inherited any house from parents (father) before he died and I have been living in a rented apartment for the past 10 years and luckily started getting my own personal house in a city close to my village. I know it's very hard to grow without one inheriting any thing from parents.
There's something you must learn, I am not against you having a girlfriend but it should be you have your feet dusted before keeping any relationship; just as I have done, I never have any relationship between age 18 to 25 year why because I know that is a challenging time for me to seat up and breakout from whatever that may holds me not getting to my destinations.
Keeping a woman around may either increase your income or decrease your income but in a way you noticed is not favorable to you then limit and a make change and raised some funds to develop yourself.

Living independently from our own income makes us proud, your struggle is now producing things that family members never thought of, don't blame your parents for not giving an inheritance, they have given the best for you, especially education.

And make it as a motivation to strive more and earn more money so that you and your parents would be out in poverty. I know coming from rich parents could brought to you easy life but you can't learn valuable lessons from it unlike building your own empire and inherited by your child which you will know tons of experience along the way. It is not easy but you can find the true meaning of life from that journey

I don't see anything sad about not inheriting from parents. Currently, I am married but still live with my parents, and I know that house will be mine in the future. But honestly, I told my mom that I didn't need their house. I thought, my parents could work to buy a home, and there was no reason I couldn't do the same.

They are farmers, have little education and they can also work hard to be able to buy a house. While we are given high education by them and have stable jobs, there is no reason why we can't buy a house of our own. I want to be able to buy my own house and car and I will teach my children that, I will not give them anything when I die.

[cydrix]

I agree. Due to the lack of a well-established mortgage system with acceptable interest rates and long-term contracts, renting is sometimes more inexpensive than buying a home in several nations, including mine. However, in other nations, like Scotland, paying a monthly mortgage may be more affordable than paying a monthly rent in the same place, making it a viable choice. To decide whether to rent or buy a house, it is important to research the situation and deals of the country you are in as well as the security and dependability of mortgages.

[Altryist]

I agree. Due to the lack of a well-established mortgage system with acceptable interest rates and long-term contracts, renting is sometimes more inexpensive than buying a home in several nations, including mine. However, in other nations, like Scotland, paying a monthly mortgage may be more affordable than paying a monthly rent in the same place, making it a viable choice. To decide whether to rent or buy a house, it is important to research the situation and deals of the country you are in as well as the security and dependability of mortgages.

It depends on the situation in which the person is, but I think that everyone would like to have their own home, so everyone eventually thinks about buying their own home. If the loan conditions allow you to buy a home with a small overpayment, then this will be a completely acceptable option, but if you have to overpay very high interest on the loan, then this will not be profitable and may not be affordable for everyone. Often you have to pay off a loan for housing for 20-30 years, so you should think carefully about whether you want to move to live in another place during this time.

[YOSHIE]

Renting a house on average has been experienced by every human being who has a mediocre economic income, but that doesn't mean that every money we spend every month/year is an act of waste, many people who rent a place to live are forward-thinking for their future.

By renting a house someone can think of working hard to earn their economy, they think it is impossible forever we live in a state of living in a rented place, a lot can be done for €25,000.
Example:
If you spend €25,000 in 6 years, that means you spend €347/month in 72 months=6 years.
If, you are thinking of looking for a credit house with installments of €347/month in 6 years, maybe you should do it, in my opinion, a simple type of house can already be with installments of that size, automatically within 6 years you already have your own home, if you think rent is wasteful.

[Pamadar]

Achieving it is the main purpose why I am serious focused and one could only do it if he limits himself from all sort of unnecessary expenses and reduce some friendship just op said earlier and it could be hard while keeping lot of load around him why because it will contribute to much distraction without one remaining focused as he is. You have to smart and remain clever on how you uses your money.

If you focused yourself on such goal and not to allow your lust to overspend your money into something that will bypass your intention to save your money for your future goal owning a house.

It will help you to grow your savings and if you are also keen in finding ways or to explore for other potential
investment that will help to increase the amount of your savings, then maybe the chance to have or to own
a house and to prevent renting is achievable.

As a young striving man whom is putting every efforts to change his or her story, I don't think they should focused after lust because of their ambition. It's advisable to stay away from every unwanted relationship or friendship that would not yield any meaningful thing to their lives, and if a man is eager to make wealth they always utilizes every single opportunity that comes towards them. At this point he may decides to own a house or even freely pay his rents without much load or responsibility aside having a lover or living extravagant life.

And most of those who managed to succeed from this desire are those who choose their dreams first and not to follow the lust, as they understand that they needed to focus well in order to succeed.

You have to set your priorities if you don't want to waste your money in keep renting, better to save
and start looking for a good way to loan your own house and limit your expenses to pay it in whatever
deal you've got.

[rhodelmabanal]

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.

Renting is really wasting money if you only rent then nothing is left on you at the end, in my country there are houses or company that has a rent to own program you will rent thier house for a couple of years and after that you will own that houses which is very good deal but expect that the price is more expensive than a normal house price, because that was also thier business they need to have a profit on it but it helps a lot specially to those who cant afford to build or buy in cash basis.

[wmaurik]

Renting is really wasting money if you only rent then nothing is left on you at the end, in my country there are houses or company that has a rent to own program you will rent thier house for a couple of years and after that you will own that houses which is very good deal but expect that the price is more expensive than a normal house price, because that was also thier business they need to have a profit on it but it helps a lot specially to those who cant afford to build or buy in cash basis.

Renting something if not to open a certain business will obviously be very detrimental. Because if it's only for a place to live, in the neighborhood where I live now there is a credit system for those who can't afford to buy a house in cash for a certain period of time. And I think this is a very wise choice because they can pay off their credit every month until everything is paid off, because some people who have taken home loans for their residence are also not that difficult to pay off their credit every month.

[erep]

Renting something if not to open a certain business will obviously be very detrimental. Because if it's only for a place to live, in the neighborhood where I live now there is a credit system for those who can't afford to buy a house in cash for a certain period of time. And I think this is a very wise choice because they can pay off their credit every month until everything is paid off, because some people who have taken home loans for their residence are also not that difficult to pay off their credit every month.

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

[milewilda]

Renting something if not to open a certain business will obviously be very detrimental. Because if it's only for a place to live, in the neighborhood where I live now there is a credit system for those who can't afford to buy a house in cash for a certain period of time. And I think this is a very wise choice because they can pay off their credit every month until everything is paid off, because some people who have taken home loans for their residence are also not that difficult to pay off their credit every month.

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

Here in our country on which those housing developers do offer their houses even on the cheapest one isnt something that could be get by an average worker plus it does really still require lots of paperworks and something in related which its understandable since its a non cheap business where occupants and buyers should really be that something eligible on getting some unit and not really just that good for few months
until they couldnt be able to pay up their mortgage. No matter how small it would be, the interest and long term payment is something that would really be hindering you on finishing it out in the end of the line.
This is why most people doesnt have no choice but to pay up and look for some rented house.

[wmaurik]

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

I have also considered this suggestion before because I am currently looking for a new home for a more comfortable place to live, so at this point I am also starting to think about several options so that in the end I can get a house and make it my own. But on the one hand, I'm not the type of person who likes credit, so that's what still hinders me from making decisions at this time, even though when I digest it myself, suggestions like what you said have a point to do.

[smile1218]

It depends on your financial situation, lifestyle and long term goals. If you plan to stay in a particular location for a short period of time, renting can be a cost effective option compared to buying a house. Renting also provides flexibility and freedom to move without the burden of selling a property. If you plan to stay in a location for an extended period, buying a house may be a better investment option. Owning a house has the potential to build equity and provide long term financial benefits. Owning a house can provide stability and sense of ownership that renting cannot. It is hard to weigh the pros and cons of renting versus buying and consider your financial goals before making any decision. It would really depend on you on what is your target goal.

[Flexystar]

There are still people who think renting is far better than just buying properties or real estate. However buying them has got a plus point in the long terms and that’s increasing valuation for those properties.  The value of land, house, shop, or basically any solid state property would always rise with the time because of the demand and supply circulation. Over the period of time population would grow exponentially and it will cause ultimately up surge in the demand of such properties. Take example of overly populated city with urbanisation. The cost of apartment, small suits or shops has got skyline prices. No one could afford it but those who had invested into it already would benefit from it. I think it’s far better to have possession of the property rather than just renting it out.

[YinShuiSiYuan]

There are still people who think renting is far better than just buying properties or real estate. However buying them has got a plus point in the long terms and that’s increasing valuation for those properties.  The value of land, house, shop, or basically any solid state property would always rise with the time because of the demand and supply circulation. Over the period of time population would grow exponentially and it will cause ultimately up surge in the demand of such properties. Take example of overly populated city with urbanisation. The cost of apartment, small suits or shops has got skyline prices. No one could afford it but those who had invested into it already would benefit from it. I think it’s far better to have possession of the property rather than just renting it out.

In today's time if you own your house you are among rich ones because the value land and properties are extremely high and its almost unaffordable to buy it on your own so you have to go for rental options .
Yea that takes your maximum income and earnings as rents are high too but these things are essential you cant run away from them.

[Ebede]

It is really an inevitable waste of money indeed, but their nothing me or anybody that didn't have an inherited or personal house can do about this situation unless you are planning to make yours a reality, rent has become one of the major thing that takes more more from people today

[blockman]

It is really an inevitable waste of money indeed, but their nothing me or anybody that didn't have an inherited or personal house can do about this situation unless you are planning to make yours a reality, rent has become one of the major thing that takes more more from people today

You think it's a waste if you're not benefiting from it. There are working people that go from place to place and there's no other option but to rent.
That's the only way for them to save time from going to work so they rent places that are close to their offices and it's no waste of money because they save time. So either choose, spend more time traveling going to work but the expenses are the same when you commute.
Or do rent and use that budget for commuting for it. Circumstances do permit us and that's why it's essential for us to look at the sides where we'll mostly going to be beneficial upon renting. Not everyone is in good condition to have a house that's inherited from their parents. We're not all born with a silver spoon.

[Lanatsa]

Renting something if not to open a certain business will obviously be very detrimental. Because if it's only for a place to live, in the neighborhood where I live now there is a credit system for those who can't afford to buy a house in cash for a certain period of time. And I think this is a very wise choice because they can pay off their credit every month until everything is paid off, because some people who have taken home loans for their residence are also not that difficult to pay off their credit every month.

Now many houses available for any size can be purchased at a more affordable price than paying rent for a house every year but you never own the house, if you don't pay the next year's rent then you have to return the house keys to the owner, so it's better to buy a house for the future credit over 5 years to get low repayment costs, but if you have income then you can apply for a home loan purchase under 5 years to have a home ownership certificate.

Here in our country on which those housing developers do offer their houses even on the cheapest one isnt something that could be get by an average worker plus it does really still require lots of paperworks and something in related which its understandable since its a non cheap business where occupants and buyers should really be that something eligible on getting some unit and not really just that good for few months
until they couldnt be able to pay up their mortgage. No matter how small it would be, the interest and long term payment is something that would really be hindering you on finishing it out in the end of the line.
This is why most people doesnt have no choice but to pay up and look for some rented house.

Same here on which in our country which there is really some cheap housing offers on which the monthly amortization is really that cheap and something that could really be able to afford
but in exchange it would really be a very long time kind of contract which it would really be playing around 20-30 years which is something that absurd. If you are really that good in math
or calculations then you would really be able to say that their interest is really that high and this is where developers do really make tons of money which it isnt really that shocking
anymore.

This is why to those people who do opt out on renting are to those who doesnt really like to have such kind of deal or something to those people who had been declined on acquiring
these cheap housings (not cheap at all) if you do make out calculations. Its a waste of money actually but is there any choice that we could make on?
If we dont really have no choice then we do really ends up on something like this.

[STT]

Renting is flexibility for the tenant and the landlord to some extent.   I've rented very cheaply in some places and that was totally the correct choice as I was always at work and barely home so what did it matter if I just rented a very humble place to sleep.  Im an ideal tenant for the landlord perhaps because I occupy an otherwise empty property and there is always somebody there in the night to upset anyone who has designs on interfering or stealing from the property in some way.
   I do think some people over pay but thats not inevitable, we dont have to have a housing shortage but I acknowledge in lots of busy cities that is the case unfortunately.  I hope distance working changes the world, makes population resource management more dynamic and land use more efficient but maybe we arent there yet.

[slapper]

Renting is flexibility for the tenant and the landlord to some extent.   I've rented very cheaply in some places and that was totally the correct choice as I was always at work and barely home so what did it matter if I just rented a very humble place to sleep.  Im an ideal tenant for the landlord perhaps because I occupy an otherwise empty property and there is always somebody there in the night to upset anyone who has designs on interfering or stealing from the property in some way.
   I do think some people over pay but thats not inevitable, we dont have to have a housing shortage but I acknowledge in lots of busy cities that is the case unfortunately.  I hope distance working changes the world, makes population resource management more dynamic and land use more efficient but maybe we arent there yet.

Flexibility is the keyword! Imagine being a wanderer in the apartment world, ready to bounce when life's winds alter course. Plus, ditching that faulty faucet to your landlord while enjoying your series is a bonus. On high rent concerns, remember, it's not a rigid rule! Supply and demand govern it. Tenants want bargains, landlords eye maximum returns. But hey, it's the digital era! We're almost telecommuting from Mars (Elon, you're on the radar!). So, can't we solve the housing crisis? Remote work could ease city overcrowding.

[bussybuddy]

I try to do a simple calculation for all 1 month's expenses encapsulated in $1000, and over the next 50 years I'll lose somewhere around $600,000 that's excluding inflation. So the goal of reaching $ 1m will meet most of the needs in the family for a long time if only renting a house, maybe the real estate prices are different in each place so people will have different views about the house owning or renting, as I personally have a small house in the countryside, but I still don't choose to live in another place where the rent is quite cheap compared to my income. The problem of balancing income and expenses in life will make the family economic problem solved, not everything in life will be achieved as desired, can live stably or luxuriously like poverty, it's all up to us to decide.