Is renting an inevitable waste of money?

[Mario Yamasaki]

Renting Money is the thing that makes us consumptive, most people Renting Money is only for useless activities such as buying new gadgets, motorcycles, buying new car, etc, if we are Renting Money and used effectively such as adding business capital, of course this is good and appropriate.

[1714755246]

1714755246

[uswa56]

Renting Money is the thing that makes us consumptive, most people Renting Money is only for useless activities such as buying new gadgets, motorcycles, buying new car, etc, if we are Renting Money and used effectively such as adding business capital, of course this is good and appropriate.

this is not always the case, in fact renting goods that are always used is a waste, such as housing, gadgets, vehicles and other items that have become basic necessities in everyday life, in fact buying them includes cost savings.
Usually the people who rent something important are those who have enough money to buy it.
I agree if it is said that renting is a waste, but that's not all things, there are some things that are really better to rent than to buy, things we don't always use.

[smile1218]

Renting a home can be seen as an inevitable waste of money by some, as the money spent on rent is not building equity or ownership in a property. However, there are situations where renting can be a more financially sound decision. If someone is unsure of their future plans or does not have the financial stability to afford a down payment on a home, renting may be the better option. Renting can provide flexibility in terms of location and lifestyle. Renters are not tied down to a specific property or location for an extended period of time, which can be beneficial for those who value mobility and change. Ultimately whether renting is a waste of money depends on individual circumstances and priorities. It is important to weigh the pros and cons of renting versus owning a home before making a decision.

[wmaurik]

Renting Money is the thing that makes us consumptive, most people Renting Money is only for useless activities such as buying new gadgets, motorcycles, buying new car, etc, if we are Renting Money and used effectively such as adding business capital, of course this is good and appropriate.

Renting to increase business capital is certainly very appropriate and also very reasonable because the goal is to make more money with this capital. But if renting is only for consumption, I think it makes no sense because in the end we have to pay for what we have rented. But that doesn't include when someone just wants to rent a car and a specific place to do a job because in the end he just pays the rent and returns the car to its original owner.

this is not always the case, in fact renting goods that are always used is a waste, such as housing, gadgets, vehicles and other items that have become basic necessities in everyday life, in fact buying them includes cost savings.
Usually the people who rent something important are those who have enough money to buy it.
I agree if it is said that renting is a waste, but that's not all things, there are some things that are really better to rent than to buy, things we don't always use.

There are indeed things that are better rented than bought if it is only to be used once in a lifetime. But if it's things that are often used and consumed every day, I don't think it's very good to rent every day because we need to buy them and make them as private owners so that they can be used or consumed every day without having to pay rent. And it's true that it's a form of savings for everyone in their life as you say, because everyone will experience waste when they have to continue to pay rent on what they use every day.

[bayu7adi]

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.

Returning to the concerns raised by the OP, when the location of one's home is highly incompatible with the workplace, it inevitably results in additional daily expenses for the individual. This is quite understandable, as urban housing prices are significantly higher compared to rural areas.

If you work in the city while residing in a village, there will be extra costs incurred every day for commuting to work. This leads to an inflated budget for housing. Taking into account the nature of one's occupation and the extent of their needs greatly influences the decision-making process in determining whether to rent a home or pursue a mortgage.

[puloweh555]

Returning to the concerns raised by the OP, when the location of one's home is highly incompatible with the workplace, it inevitably results in additional daily expenses for the individual. This is quite understandable, as urban housing prices are significantly higher compared to rural areas.

If you work in the city while residing in a village, there will be extra costs incurred every day for commuting to work. This leads to an inflated budget for housing. Taking into account the nature of one's occupation and the extent of their needs greatly influences the decision-making process in determining whether to rent a home or pursue a mortgage.

Well, this is also happening to me right now. Incidentally, I am not married and have no inheritance from my parents. My job is far from my parents' house, so I automatically have to rent in the city and work assignments also change every year, so I haven't prioritized buying a house. Because there are concerns as you convey.

But even if I have the chance, I still choose to rent while saving. I will buy land first, build the house gradually (literally). The important thing is that the house is safe from the heat and rain first, the electricity is on, and there is plenty of clean water. Why wake up alone? Have surveyed public housing that is affordable, but the specifications of the building are very far from expectations. If we build our own house, we know our building materials, it takes more effort, but it's so worth it. If there is more fortune, you can continue to make what is still lacking, if you don't have money, stop first. Because if we build our own house without credit, we wake up without worrying about the bank confiscating the house.

So renting as a waste really all depends on each individual person, because only we can analyze our own finances and use them wisely. because listening to other people's opinions is not necessarily what we can apply too.

[irhact]

Renting a home can be seen as an inevitable waste of money by some, as the money spent on rent is not building equity or ownership in a property. However, there are situations where renting can be a more financially sound decision. If someone is unsure of their future plans or does not have the financial stability to afford a down payment on a home, renting may be the better option. Renting can provide flexibility in terms of location and lifestyle. Renters are not tied down to a specific property or location for an extended period of time, which can be beneficial for those who value mobility and change. Ultimately whether renting is a waste of money depends on individual circumstances and priorities. It is important to weigh the pros and cons of renting versus owning a home before making a decision.

Not everyone can afford a house and that's why renting of apartment are options available. If you're a single individual without any family living with you I think renting an apartment is the better option. Owning a house should only be considered when you have a family and it shouldn't be down without the approval of your spouse because she mightn't like the house you bought and won't want to raise a family in the house.

Don't own a house until you're married so the both of you can choose the house to buy together and that's if you have the money to finance the buying of the house. For those that aren't capable, they should continue renting until they get better paying jobs to own a house.