Rent or buy real estate - let's have a debate

[Etranger]

[Real Estate investment is the safest and most promising profit if we enter it with patience

It is not correct to generalize like that, this statement has nothing to do with the economic realities of many countries. In some states, it is very typical when you buy real estate in the hope that it is a very reliable, stable and income-generating asset that will increase in value over time, but in fact, after a couple of years, you are faced with the choice either to sell it at half price or continue ownership at a loss. And if a war also breaks out in the country, as in my case, then your property becomes more of a burden, if it is not destroyed at all after constant missile attacks. So it all depends on the conditions. In my situation, real estate is far from the safest and most promising profit, although I entered it with patience.

[Z390]

Real Estate is not my thing and it may never be my thing, because it's a longer journey than crypto investment, a Real Estate investor need to have twice as patience of a crypto investor to achieve anything and yes it's safer than Crypto investment, but ROI wise, Crypto beats Real Estate investment marginally. I will gladly go all in on Bitcoin investment even while it's the riskier one over Real Estate any day.

[armanda90]

Real estate is not always best investment kinds, depend with politician and government business can make real estate have highest or lowest price on the future. Depend on investment kind in cryptocurrency, real estate has completed problem with highest tax fees until located from real estate not worth yet at the future. Based on what happen in my country Indonesia, with new the nation's capital move to other island has impact with real estate drop on previous nation's capital, but there are not guarantee with new nation's capital with highest values at the future because new government has new decision to extend or not with last government project.

I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.

[Marvell1]

Real estate is not always best investment kinds, depend with politician and government business can make real estate have highest or lowest price on the future. Depend on investment kind in cryptocurrency, real estate has completed problem with highest tax fees until located from real estate not worth yet at the future. Based on what happen in my country Indonesia, with new the nation's capital move to other island has impact with real estate drop on previous nation's capital, but there are not guarantee with new nation's capital with highest values at the future because new government has new decision to extend or not with last government project.

I like investing assets in cryptocurrency than real estate, but depend on some one has skill and knowledge to build consistent profit with real estate investment.

If you don't think real estate is the best investment, which is the most worthwhile? Government or politicians can control the price of real estate, but once demand exceeds supply, no one can control its price. You should remember that real estate is also an asset that cannot be created more, and the population is constantly growing. It can be said that the demand for real estate will never disappear as long as people exist.

To put it bluntly, those like to invest in cryptocurrencies because they want high returns and are willing to take risks to earn more money. The majority of people who invest in crypto don't have a lot of money to invest in real estate, and they see cryptocurrency as the only solution to help them make a lot of money quickly.
I'm also someone who doesn't have a lot of money to invest in real estate, and I choose crypto instead, but I don't want to lie that crypto is better than real estate.

[Sayeds56]

What's the better option for you and why?

The decision between renting and buying completely depends on your intention to make it a source of passive income, or your goal is to make significant profit through capital appreciation in the long term. However, considering the increasing interests rates trend world wide, the property market is not performing well, Therefore, It is advisable to carefully evaluate your financial situation and conditions of the local real estate market before making any decision.

[ajiz138]

[Real Estate investment is the safest and most promising profit if we enter it with patience

It is not correct to generalize like that, this statement has nothing to do with the economic realities of many countries. In some states, it is very typical when you buy real estate in the hope that it is a very reliable, stable and income-generating asset that will increase in value over time, but in fact, after a couple of years, you are faced with the choice either to sell it at half price or continue ownership at a loss. And if a war also breaks out in the country, as in my case, then your property becomes more of a burden, if it is not destroyed at all after constant missile attacks. So it all depends on the conditions. In my situation, real estate is far from the safest and most promising profit, although I entered it with patience.

Why do you have to be faced with that choice and sell for half the price, yes we don't sell it unless it's an urgent emergency while there is no money left except selling from the Real Estate, it's not a good choice we all know that Real Estate is a long term of at least 10 new year we will know a sizable profit.

Don't buy Real Estate in a country that is at war then it is not good in terms of any economy including there will definitely be an impact on other property markets, look for a country that can or can also be a safe area then of course the area will be better than a dangerous threat, I think that only some parts of the country are affected by war, the rest are mostly peaceful countries and have fast growth in their economies.

[Etranger]

[Real Estate investment is the safest and most promising profit if we enter it with patience

It is not correct to generalize like that, this statement has nothing to do with the economic realities of many countries. In some states, it is very typical when you buy real estate in the hope that it is a very reliable, stable and income-generating asset that will increase in value over time, but in fact, after a couple of years, you are faced with the choice either to sell it at half price or continue ownership at a loss. And if a war also breaks out in the country, as in my case, then your property becomes more of a burden, if it is not destroyed at all after constant missile attacks. So it all depends on the conditions. In my situation, real estate is far from the safest and most promising profit, although I entered it with patience.

Why do you have to be faced with that choice and sell for half the price, yes we don't sell it unless it's an urgent emergency while there is no money left except selling from the Real Estate, it's not a good choice we all know that Real Estate is a long term of at least 10 new year we will know a sizable profit.

Don't buy Real Estate in a country that is at war then it is not good in terms of any economy including there will definitely be an impact on other property markets, look for a country that can or can also be a safe area then of course the area will be better than a dangerous threat, I think that only some parts of the country are affected by war, the rest are mostly peaceful countries and have fast growth in their economies.

Obviously, I didn't buy real estate during the war. It was my property before. The choice I'm facing right now is driven by circumstances in my country, but even without war and similar disasters, real estate is no longer a priority. Much more attractive types of investments have appeared that pay back not in years, but in months. Why invest in real estate that comes with both risks and inconveniences and wait years for it to start paying real dividends?

As for buying real estate in other countries, not everyone has such opportunities in legal terms. For example, buying real estate in EU countries has a lot of restrictions and obstacles for those who are not EU citizens.

[Texac]

[Real Estate investment is the safest and most promising profit if we enter it with patience

It is not correct to generalize like that, this statement has nothing to do with the economic realities of many countries. In some states, it is very typical when you buy real estate in the hope that it is a very reliable, stable and income-generating asset that will increase in value over time, but in fact, after a couple of years, you are faced with the choice either to sell it at half price or continue ownership at a loss. And if a war also breaks out in the country, as in my case, then your property becomes more of a burden, if it is not destroyed at all after constant missile attacks. So it all depends on the conditions. In my situation, real estate is far from the safest and most promising profit, although I entered it with patience.

Why do you have to be faced with that choice and sell for half the price, yes we don't sell it unless it's an urgent emergency while there is no money left except selling from the Real Estate, it's not a good choice we all know that Real Estate is a long term of at least 10 new year we will know a sizable profit.

Don't buy Real Estate in a country that is at war then it is not good in terms of any economy including there will definitely be an impact on other property markets, look for a country that can or can also be a safe area then of course the area will be better than a dangerous threat, I think that only some parts of the country are affected by war, the rest are mostly peaceful countries and have fast growth in their economies.

Obviously, I didn't buy real estate during the war. It was my property before. The choice I'm facing right now is driven by circumstances in my country, but even without war and similar disasters, real estate is no longer a priority. Much more attractive types of investments have appeared that pay back not in years, but in months. Why invest in real estate that comes with both risks and inconveniences and wait years for it to start paying real dividends?

As for buying real estate in other countries, not everyone has such opportunities in legal terms. For example, buying real estate in EU countries has a lot of restrictions and obstacles for those who are not EU citizens.

According to some surveys and statistics, real estate is still the most appreciated investment and the preferred choice of billionaires and the super-rich.  it is true that today there are more attractive investments like bitcoin, but its risks are not small and cannot be considered superior to real estate.  evaluating an investment needs many factors, not only about profit, high return is high risk, and low return is safer.  I don't believe some people don't like real estate, only people who don't have money to invest say they don't like it.

[topbitcoin]

Real Estate is not my thing and it may never be my thing, because it's a longer journey than crypto investment, a Real Estate investor need to have twice as patience of a crypto investor to achieve anything and yes it's safer than Crypto investment, but ROI wise, Crypto beats Real Estate investment marginally. I will gladly go all in on Bitcoin investment even while it's the riskier one over Real Estate any day.

Investing Crypto is interesting especially when talking about profits, but yes the risk of crypto itself is also large, we must also be aware of it, I myself invest in crypto but I realize what risks I will face in the future if I do not choose good crypto What I have to buy, but the context is not about crypto or comparing real estate with other assets, the context is Buy/Real Estate Rent when you have money for a place to live.

It is clear if I will buy real estate (if it's for a place to stay) because basically if you only rent one day you have a financial failure, and you are unable to pay rent, it will make it difficult for you to live, but if you have a property Own own, even if you don't have money, at least you can sleep well, or can sell it, or also you can rent your property to other people and you can choose a cheaper place to live.

[livingfree]

According to some surveys and statistics, real estate is still the most appreciated investment and the preferred choice of billionaires and the super-rich. 

It's because the land mass is very limited mostly to the small but progressive countries. And even there will be a crash, real estate asset and properties will still remain intact and retain a lot of its value.

evaluating an investment needs many factors, not only about profit, high return is high risk, and low return is safer.  I don't believe some people don't like real estate, only people who don't have money to invest say they don't like it.

Deep inside, if they've got a money the first choice is going to be real estate. Trust me, many do like to own lands and rental properties but its main requirement is to have huge capital even if you'll mortgage it.

[ajiz138]

Obviously, I didn't buy real estate during the war. It was my property before. The choice I'm facing right now is driven by circumstances in my country, but even without war and similar disasters, real estate is no longer a priority. Much more attractive types of investments have appeared that pay back not in years, but in months. Why invest in real estate that comes with both risks and inconveniences and wait years for it to start paying real dividends?

It's a very difficult situation to face in that country so some people are still reluctant to buy real estate in conflict areas or don't have good growth, I can understand your situation but that's what I know that real estate is still an asset that most people want.
If there are other investments that are more profitable then that is the right choice apart from real estate, in fact there are many kinds of investments that we ourselves have to determine which is better for the long term.

As for buying real estate in other countries, not everyone has such opportunities in legal terms. For example, buying real estate in EU countries has a lot of restrictions and obstacles for those who are not EU citizens.

I know about that law and it's not as easy as we might expect buying real estate in other countries there must be a process that hinders limitations unless some billionaire can do it.
We are talking about a region where it is still easy to buy real estate.

[fuguebtc]

evaluating an investment needs many factors, not only about profit, high return is high risk, and low return is safer.  I don't believe some people don't like real estate, only people who don't have money to invest say they don't like it.

Deep inside, if they've got a money the first choice is going to be real estate. Trust me, many do like to own lands and rental properties but its main requirement is to have huge capital even if you'll mortgage it.

The truth is always harsh and disheartening. But we need to be realistic that the people who always say they don't like investing in real estate and will only choose to invest in bitcoin are the ones who don't have a lot of money to invest in land. Because real estate investment is not easy like bitcoin, we have to have a lot of money to do it, and that's why the real estate market is only for people with a lot of money. I believe that the dream of owning real estate and a house is everyone's dream.

[smile1218]

Renting may be a better option for those who value flexibility and do not want to be tied down to a specific location or property. Renting also eliminates the need for a large down payment and ongoing maintenance costs. Renting means that you do not build equity in the property and may face rising rental costs over time. While buying property can be a good investment in the long run, as it allows you to build equity and potentially earn a profit when you sell the property. Buying requires upfront investment, including down payment, closing costs and ongoing maintenance expenses. Owning a property ties you down to a specific location which may not be ideal for those who value flexibility. It is important to weigh the pros and cons of each option and consider factors such as financial stability, lifestyle, and long term goals before making a decision.

[livingfree]

Deep inside, if they've got a money the first choice is going to be real estate. Trust me, many do like to own lands and rental properties but its main requirement is to have huge capital even if you'll mortgage it.

The truth is always harsh and disheartening. But we need to be realistic that the people who always say they don't like investing in real estate and will only choose to invest in bitcoin are the ones who don't have a lot of money to invest in land. Because real estate investment is not easy like bitcoin, we have to have a lot of money to do it, and that's why the real estate market is only for people with a lot of money. I believe that the dream of owning real estate and a house is everyone's dream.

And we don't even know that those who don't like real estate and keeps on saying that they don't like are likely to invest in Bitcoin.

I think those that don't have money to invest in land are not all of them that do like to invest in bitcoin. But it's a good alternative for them because this is a good asset to invest with their money.

They can buy as much as they can and not needing to own a whole of it and at the same time, they can DCA.

[serjent05]

Renting may be a better option for those who value flexibility and do not want to be tied down to a specific location or property. Renting also eliminates the need for a large down payment and ongoing maintenance costs. Renting means that you do not build equity in the property and may face rising rental costs over time. While buying property can be a good investment in the long run, as it allows you to build equity and potentially earn a profit when you sell the property. Buying requires upfront investment, including down payment, closing costs and ongoing maintenance expenses. Owning a property ties you down to a specific location which may not be ideal for those who value flexibility. It is important to weigh the pros and cons of each option and consider factors such as financial stability, lifestyle, and long term goals before making a decision.

I think people wanted to have their own real estate property but the financial shortage keep them from owning such things.  If we own the property, we are free of any monthly expenditure except for the annual task which is way too cheap compared to the money spent for monthly renting.  And if we want to move to another place, we can always sell the property and use it as a fund to buy a new property elsewhere.  So I always think that buying a real estate is way better than renting one since at the end of the day, when we decided to buy real estate, we end up with something that we can sell after wards while renting will only give us a house to stay.

[passwordnow]

I think people wanted to have their own real estate property but the financial shortage keep them from owning such things.  If we own the property, we are free of any monthly expenditure except for the annual task which is way too cheap compared to the money spent for monthly renting. 

Everybody wants to have their own real estate properties but it's true that because of financial constraints, that can happen easily to them. So those that own already are blessed to have it because they can now move on to their next strategy whatever the plan they've got or if they want to have as many properties as they have.

And if we want to move to another place, we can always sell the property and use it as a fund to buy a new property elsewhere.  So I always think that buying a real estate is way better than renting one since at the end of the day, when we decided to buy real estate, we end up with something that we can sell after wards while renting will only give us a house to stay.

This is only if the property that's about to get sold is in a good location. Sometimes it takes time for those properties to be sold if they're not in a good location so it's not that liquid for those owners if the property is located somewhere far and likely in rural areas.

[FredLong]

Renting vs. buying is a hot topic, and it really depends on your personal circumstances. If you have the means to buy a property and your income supports the mortgage payments, it could be a good long-term investment. With a 10% appreciation rate, you can potentially benefit from property value growth. However, renting also has its perks, like flexibility and not having to worry about property maintenance. It's important to consider factors like your financial goals, stability, and lifestyle preferences. By the way, I'm new on this forum and currently looking for properties abroad. Have you heard of Grupo EcoQuintas? They offer unique and sustainable properties, and I'm considering this as an investment option.

[Wildwest]

If my income is stable then buying property is the best choice, because one day the property will become our complete property without having to think about installments every month, such as being in a rented house, even though buying our property uses money from the bank but when all we have paid off then everything will feel safe, but this must all be in accordance with our income that is able to pay the mortgage and approval from the bank, But some people save until they can make a place to live without having to lend to a certain bank, so all this depends on each of us.

[imamusma]

Renting vs. buying is a hot topic, and it really depends on your personal circumstances. If you have the means to buy a property and your income supports the mortgage payments, it could be a good long-term investment. With a 10% appreciation rate, you can potentially benefit from property value growth. However, renting also has its perks, like flexibility and not having to worry about property maintenance.

I tend to buy rather than rent, but only when my finances are good. Buying in installments has not been one of my plans so far especially with regards to property but maybe someone else will approve of the buying strategy especially considering the financial situation as well.

My main worry in installments is when they lose their source of income for one reason or another. If that happens, then their repayments stall, arrears occur and financial pressures mount and they may have to change their plans midway through. I don't want to experience that, so I may have to be patient enough to buy it in full without installments.

[Fivestar4everMVP]

I have been debating about it with couple of my colleagues whether stay on rent or buy a property.

Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.

What will be the best route to take? Buy the property or stay in a rented place?

The usual appreciation rate of your property value is around 10% owing to the development work that are ongoing. For rented property, your rent increases by 15% every year.

What's the better option for you and why?

Lol, I am even surprised you are asking this to be sincere, with you analysis of own property yearly appreciation  of 10 percent and the yearly increase in rent of 15 percent, this alone should already tell the which is best to go for as long as the person can comfortably afford both.

For me, there is never anything as better than as owning your own property, though some times , the location of the property should be very much considered before acquiring it, but then, if we find a property in a location that is experiencing rapid growth in development, it is best to acquire a property there than stay on rent, even if acquiring the property means borrowing from the bank.