Is renting an inevitable waste of money?

[iamsange]

If you're going to do it until your retirement then yes it's a waste of your money and time, not to mention that the only person that will benefit in that set up is only the landlord. That's why it's okay to at least start renting a smaller house rather than an extravagant one because that way, you have a roof over your head but at the same time, you will also have the money to be able to save up for when you want to buy a house or finance a house through a housing loan.

It is true that having a house is a dream for everyone to have, but to achieve this goal it is not easy to achieve, we need extra sacrifice to get it. This depends on how each individual earns or earns money every month in their job, if workers with minimal salaries I think it is difficult for them to earn a house with their hard work from their salary. The renting solution is the best for them rather than buying a house. The bank will not allow someone to take out a loan to buy a house that does not meet the standard criteria that have been implemented by the bank's rules.

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

[woez]

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

[shanhaigamefi]

Whether renting is a waste of money is not a simple question.

Especially in big cities, renting is indeed expensive. However, for many people, renting is their only option to meet their housing needs. After all, not everyone can come up with enough money to buy a house at one time, and even if they can get together a down payment, the subsequent loan repayment pressure will be quite heavy.

I think that heavy debt may limit a person's quality of life and future development potential. Although renting requires paying a certain fee, it also gives people more flexibility and choice, allowing people to focus more on their own life and career development instead of being bound by mortgage loans.

[odunybiz]

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself.

[oktana]

I don’t think it has anything to do with relationship. Because if you’re in a relationship or not, you still need roof over your head. And it’s the same thing as repaying the loan; no matter what you’ll be doing in the next couple of years, you need to have a roof over your head. So it’s not optional. I won’t advise not discourage you from getting a loan, but if you really want to get one, you can get one where you pay just about the amount of the usual rent monthly. But you will have to work harder to pay off in a shorter time. Even a few years shorter is safer.

[sekalitas]

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.

Here's my opinion about your concerns related to buying a house

First off, have a serious chat and make sure you're both on the same page. Then, get a legal cohabitation agreement sorted out. This spells out who pays what, who owns how much, and what happens if you split up or something worse. Nobody wants to think about that, but it's a must-do.

For your second concern, do some digging into the neighborhood. What are the job prospects like? Is the area growing? Talk to people who live there, real estate agents, or even spend some time there yourself. You want to make sure it's a good fit for both of you.

And of course, there's the last concern. Get a clear picture of your finances before jumping into a loan. Be realistic about the risks and have some savings set aside for emergencies. You might even want to look into mortgage protection insurance just in case.

[boty]

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

Of course, having a house is very important after we start a family and it is impossible for us to continue living at home with our parents because we already have our own family, there are a lot of preparations we have to do before we can build a house. home as you said is very true and this takes a lot of time. briefly in the process of building it.

In terms of renting a house, of course we have to look for a house that is comfortable for us to live in because if we choose the wrong location and the house is not comfortable for us, it will certainly be very detrimental and as you said. to think about the rental costs depending on when we rent it and of course we must always prepare the rental costs for the house we live in.

Yes, that's right, if you really have the desire to build a house then it is important for us to have several sources of income and this will help us a little in saving to have our dream house.

[MissNonFall9]

When there is economic instability in any country, buying and selling really big assets is a dilemma. At present it is a fact that big decisions like buying and selling of houses can be very profitable if they can be replaced by Cryptocurrency or Bitcoin, which will lead to a better home-buying situation later on. Although buying and selling land or house assets is very profitable in populous countries, it cannot replace Bitcoin.

The thing that everyone should know at this time and that also includes yourself is that Bitcoin cannot be compared with any physical asset, including land, houses and other property assets at any time. Because between Bitcoin, land and houses are very different assets so the comparison will not be quite appropriate and will not even be quite balanced even though land and house owners can also get quite a profit after investing in land or houses for a long time at this time. However, all of this is also not enough to beat Bitcoin, which can also provide much greater profits in each cycle in the market, making Bitcoin still considered better than land and houses in any economic condition.

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

[CageMabok]

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

Your current view of things like that is also not wrong. Because the increase in the price of Bitcoin and other cryptocurrencies can be taken as an example and it is an opportunity that for now it is better to keep holding Bitcoin and several other cryptocurrencies in order to get more profits which in the end can also be used to buy a house. But for those who don't have their own house or who still rent someone else's place for their daily living, they definitely won't think like this unless that person really believes in Bitcoin and plans to buy a house someday.

[Hamphser]

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

Your current view of things like that is also not wrong. Because the increase in the price of Bitcoin and other cryptocurrencies can be taken as an example and it is an opportunity that for now it is better to keep holding Bitcoin and several other cryptocurrencies in order to get more profits which in the end can also be used to buy a house. But for those who don't have their own house or who still rent someone else's place for their daily living, they definitely won't think like this unless that person really believes in Bitcoin and plans to buy a house someday.

Easy to say but it would really be that so damn hard to be done specially into those people who are really just that sufficient earning for their day to day living on which it wont really be that possible for you to allocate some funds for you to invest. Yes, you are wary about the potential of investing into crypto or simply with BTC but we do know that due to some real time life conditions or situations then we cant really do something and this is why we cant really be able to totally tell or blame people on the current conditions that they are experiencing and missing out those opportunities.

Speaking about renting then its really not a waste of money. Why? its something considered to be a basic expense specially not all would really be able to afford on buying up a house.
So it would really be understandable that people would really be not having a house and considered renting.

[batang_bitcoin]

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

It won't be just "after a few days" investing in crypto won't be the same for all. While those that invests for long and at the right timing of bear market and will sell on the bullish period, it won't come easy for them. Those that have money ready to buy a house, do it as soon as you can because mortgages are increasing, real estate isn't going down anymore unless there is a sudden pop of the bubble market. And to those that are renting, it's not a waste of money if that's what you can afford for now while preparing to purchase your own home.

[Chilwell]

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

Renting or building a house really depends on your location, renting is good but owning a house is the best, like me there are some places I will not build even though an rich because some time it all about your working place, this particular depends on the location if the place suits me I will build, but still in some places even though you decided to build the law that govern the place alone will not even allow you not to  build because some land are design in such a way that building description will be given and anyone that can't meet the requirement will automatically live the building and go for the rent.

[Bravut]

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

It won't be just "after a few days" investing in crypto won't be the same for all. While those that invests for long and at the right timing of bear market and will sell on the bullish period, it won't come easy for them. Those that have money ready to buy a house, do it as soon as you can because mortgages are increasing, real estate isn't going down anymore unless there is a sudden pop of the bubble market. And to those that are renting, it's not a waste of money if that's what you can afford for now while preparing to purchase your own home.

Well said, I suggest we use Bitcoin in place of crypto because Bitcoin have more potential for high return, same time the return depends we are  talking about depends on how far one invested in it, one with low capital invested cannot expect to have a return worth thousands of dollars.
Renting house, is never a bad idea as far as you can afford and also living comfortably in the apartment, building and owning a house is every Man dream, it not something to rush for rather ensure the necessary factors like finance, location,etc are meet before one start. Building a house from scratch is not easy, purchasing is good. My take is;Me building my own rather than buying, I can buy for office, business, and other investment but not me living and breathing inside of it.

[wmaurik]

One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself.

Everyone definitely needs a place to take refuge in their life and if someone doesn't have their own house to live in, of course the main choice is to rent. And I think this is nothing new in many people's lives because it has been seen very often in everyone's lives. So we are all really required to be able to have our own house if we are very tired of the rental fees that have to be paid to the owner of the apartment or house every year. So how do you do it? Well, the method itself is actually quite simple, namely by continuing to work and making money so that it can be allocated to investments and also allocated for planning the construction of our own house.

[odunybiz]

One can hardly do without renting unless one comes from a wealthy home. Building an apartment isn't something easy as it requires huge amount of money. All I can say is that one should just be wise in it doing. As you live in a rented apartment, one should try to contribute gradually to start something for himself.

Everyone definitely needs a place to take refuge in their life and if someone doesn't have their own house to live in, of course the main choice is to rent. And I think this is nothing new in many people's lives because it has been seen very often in everyone's lives. So we are all really required to be able to have our own house if we are very tired of the rental fees that have to be paid to the owner of the apartment or house every year. So how do you do it? Well, the method itself is actually quite simple, namely by continuing to work and making money so that it can be allocated to investments and also allocated for planning the construction of our own house.

Since shelter is highly important in humans life. Then it is either you acquire it by rentage or building it yourself. If you are building it yourself, then this depends on your plans on how to do that. You can even go that far to acquire a loan from the government if you are a government working.

[Vinaa77]

Everyone definitely needs a place to take refuge in their life and if someone doesn't have their own house to live in, of course the main choice is to rent. And I think this is nothing new in many people's lives because it has been seen very often in everyone's lives. So we are all really required to be able to have our own house if we are very tired of the rental fees that have to be paid to the owner of the apartment or house every year. So how do you do it? Well, the method itself is actually quite simple, namely by continuing to work and making money so that it can be allocated to investments and also allocated for planning the construction of our own house.

Since shelter is highly important in humans life. Then it is either you acquire it by rentage or building it yourself. If you are building it yourself, then this depends on your plans on how to do that. You can even go that far to acquire a loan from the government if you are a government working.

Choosing to rent a house that we use as a place to live, of course we always have to prepare funds to rent it and I think this makes us always have to prepare funds before the payment due date, but building a house certainly requires a lot of capital, but if we don't have enough savings What we have, of course we have to rent it first and keep trying to save so that when we have enough savings we can build a house so we don't have to think about the cost of renting a house anymore.
By taking out a loan to build a house, of course this is easy if you have a steady income, but it will be difficult to do this if you don't have a steady income.

[shinratensei_]

Whether renting is a waste of money is not a simple question.

Especially in big cities, renting is indeed expensive. However, for many people, renting is their only option to meet their housing needs. After all, not everyone can come up with enough money to buy a house at one time, and even if they can get together a down payment, the subsequent loan repayment pressure will be quite heavy.

I think that heavy debt may limit a person's quality of life and future development potential. Although renting requires paying a certain fee, it also gives people more flexibility and choice, allowing people to focus more on their own life and career development instead of being bound by mortgage loans.

isn't the fact that renting takes up 30-35% salary means its already burden on its own, mortgage does increase that amount to certain extent but at the end of the day we got a house that could work as an asset unlike renting where all the money just gone, if we can't pay rent when we are of old age, well we're homeless.

unfortunately the renting prices right now aren't really affordable anymore, so if its me, i'd just go with mortgage, the path gonna be difficult but hopefully i can make it to the end with proper financial management and frugal living.
it also kinda motivate me to make more and more money so that i can still have many left after paying the mortgage. I just see no good future with renting but maybe that's just my idea of getting a house and might be pretty biased.
some people that rents can definitely save up some money for buying house avoid the interest but the fact that inflation rate are going higher and higher might make them forcefully realize that maybe things won't work out.

if there were more cheap and affordable housing created by the government it will be the holy grail of housing for most of people stuck with rent, even simple house will suffice. the only advantage with renting that I know so far is probably we can get strategic housing right in the city without spending too much money on it and then we can settle somewhere else later on when we are reaching old age. that's pretty much it.

[MissNonFall9]

It is not bad at all because the comparison is only between equal persons or subjects. But since the subject is buying a house at present time. So without buying a house at this time if the money for buying that house can be invested in cryptocurrency or bitcoin, then after a few days, it will be very easy to buy more things including houses much better than before with the dividends of this investment. So in my opinion buying a house at this time is an essential waste.

It won't be just "after a few days" investing in crypto won't be the same for all. While those that invests for long and at the right timing of bear market and will sell on the bullish period, it won't come easy for them. Those that have money ready to buy a house, do it as soon as you can because mortgages are increasing, real estate isn't going down anymore unless there is a sudden pop of the bubble market. And to those that are renting, it's not a waste of money if that's what you can afford for now while preparing to purchase your own home.

If one can afford to buy a house then a person should focus on buying a house and complete it without any delay. But since the bull run in cryptocurrencies is not over from that point of view I think investing in cryptocurrencies or Bitcoin should be done with some risk. It is certainly true that investing in cryptocurrency or Bitcoin should be done with time and money in mind otherwise it will not be easy to achieve success from there. We may not have to wait too long until the end of this year to see a better position for Bitcoin. As we all know Bitcoin has a reputation for offering high value with little risk there must be a lot of investment involved. Those who invest more will get more investment profit and those who invest less will get back relatively less profit.

[slapper]

Whether renting is a waste of money is not a simple question.

Especially in big cities, renting is indeed expensive. However, for many people, renting is their only option to meet their housing needs. After all, not everyone can come up with enough money to buy a house at one time, and even if they can get together a down payment, the subsequent loan repayment pressure will be quite heavy.

I think that heavy debt may limit a person's quality of life and future development potential. Although renting requires paying a certain fee, it also gives people more flexibility and choice, allowing people to focus more on their own life and career development instead of being bound by mortgage loans.

isn't the fact that renting takes up 30-35% salary means its already burden on its own, mortgage does increase that amount to certain extent but at the end of the day we got a house that could work as an asset unlike renting where all the money just gone, if we can't pay rent when we are of old age, well we're homeless.

unfortunately the renting prices right now aren't really affordable anymore, so if its me, i'd just go with mortgage, the path gonna be difficult but hopefully i can make it to the end with proper financial management and frugal living.
it also kinda motivate me to make more and more money so that i can still have many left after paying the mortgage. I just see no good future with renting but maybe that's just my idea of getting a house and might be pretty biased.
some people that rents can definitely save up some money for buying house avoid the interest but the fact that inflation rate are going higher and higher might make them forcefully realize that maybe things won't work out.

if there were more cheap and affordable housing created by the government it will be the holy grail of housing for most of people stuck with rent, even simple house will suffice. the only advantage with renting that I know so far is probably we can get strategic housing right in the city without spending too much money on it and then we can settle somewhere else later on when we are reaching old age. that's pretty much it.

The housing market is ridiculous. Prices are crazy, and finding a quality place is like winning the lottery. Don't let it discourage you. Your drive to make money? Harness that crap. Owning a property goes beyond saving money. Have a place that's truly yours to settle down and build a life. That may mean a tiny suburban house, a downtown condo, or a great rental. Nothing is right for everyone, so be creative and think outside the box. Explore all choices. Be inventive with money. Skip certain comforts to invest in your future. You might find a hidden gem that's perfect for you

[Mame89]

If we pay close attention, renting is a help for those of us who have limited financial capabilities, who can only afford to rent and cannot afford to buy a house to own with the family, renting is very good for us to practice because with this practice we can have House In the long term, buying a house is not an easy thing, there are many things we have to think about to make our desires come true for the house we want to own.

For those of us who are not financially capable, of course renting will really help us and our families, this is not in vain, and if you don't want to rent then you will buy, but if you don't have enough money then you can go to the bank to apply for a mortgage loan.

A comfortable place to live is of course very necessary, especially if you have a family. Indeed, building a new building is expensive and takes a long time to complete unless you have cash prepared beforehand. Another option is renting, but that also drains your energy and mind because the one year period now seems very fast and feels like it only takes a moment to be paid off.

Therefore, we need to create additional activities that generate income and help with all costs and make the dream of owning your own home come true.

The right time to buy a house is different for each person because it is tailored to their individual needs and abilities. If you don't need/can afford it, you can rent first and while looking for additional income so you can invest, then buy a house with the investment profits. Because saving to buy a house is also a wrong action, because saving will lose its value and the house will become more valuable. Many people postpone buying a house for investment capital, because of course even if we have the funds to buy a house, the funds will be stored there, it is better to invest the funds after getting everything and then think about the house. So buying and renting actually depends on the abilities and readiness of each individual.

Houses are basic needs such as clothing and food. So you can rent a house as long as you have a house in the future and are diligent in looking for investment opportunities. In essence, having a house means that we can grow in it with the family we build, renovate, and the house can be a reflection of ourselves, how we grow with the family in that house. So the quality of life can improve.