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

[Cryptmuster]

Well, if you already have enough money, of course, buying is the best way. But if you choose between buying but from the money borrowed or choosing to rent while accumulating enough money, of course this choice is a little confusing. But if we want to feel more at ease then it's better to collect money first until it is accumulated until the value is enough to buy a property. This method might make our minds less anxious compared to taking out a loan that must be paid every month, of course. But honestly I'm a little confused at this point. a few months ago I thought differently. and at this time I also have a different thought back. because indeed we have to consider various conditions before making a choice.

In addition to the availability of money, it will also depend on the situation in the country, if rockets fly overhead, it is difficult to think about buying your own home. At such a time, rent looks like the best option, perhaps this is not the most profitable option, but on the other hand, you can move to another place, to another city at any time and nothing will hold you back.

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[odunybiz]

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?

Buying a property will be my best option. Renting an apartment with an increase of 15% yearly, it may get to a time that this will start affecting your earnings. With this 15%, you keep losing more money yearly but if it's property, it keeps generating more income to you.

[yohananaomi]

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?

Buying a property will be my best option. Renting an apartment with an increase of 15% yearly, it may get to a time that this will start affecting your earnings. With this 15%, you keep losing more money yearly but if it's property, it keeps generating more income to you.

Maybe this is certainly a choice that can be different from one another because the perception and way of thinking with the circumstances of everyone will not be the same. But if I prefer, trying to buy a property, even though it's possible to buy it right away, is certainly not easy. must be adapted to economic conditions as well, but if the alternative is having to borrow from a bank, of course there is nothing wrong, compared to if we rent every year but will never own one.

[puloweh555]

The main point is to open our minds, that buying property is not always better. But not necessarily the place that is rented out is also better, it all depends on the conditions and circumstances of each.

I want to share my brother's experience, he after being married for five years, he rented the property, moved the rental location three times, ranging from $ 2000 to a maximum of $ 3000 per year in one cluster. always in the city. If you have money, you always play it for a business or business, actually the money is already there to buy a house, but if you prioritize everything at home, your monthly income will surely decrease because the money you have spent so far on business will run out.

Gratefully, in his sixth year of marriage, he has finally built a house in the village, spending around $30k on the interior without having to whittle away at the amount of money circulating around the business. yes, but in villages because it's cheap, in urban areas, of course, the price is more expensive.

The point is, from my brother's experience, if we have the opportunity to make money, it's better not to buy property first, but if you don't understand how to turn the money around, just buy bitcoins gradually.

[Compromise me]

So it will be better if I take that loan, rent an apartment, and set up something that could be used to generate money so I can actually build a house of my own, rather than building a house from a collected loan. If I take a loan enough to build a house, I could possibly use that to set up a business and allow my employees to be educating my loan amount from my salary, so my business can be generating me some income, which I can use to cover up those loan amounts every month. If those loans are fully covered, or maybe there are good profits coming out of the business, only then can I think of starting up the house building. That's when I will see myself as someone who is financially ready to foot the bills of my own home.
 

Yes, you are right. One person situation is different from other. If a person is an employee then he should increase his knowledge about business. He can read books, article and see videos and can hear audiobooks. Rent is a liability that takes out money from our pocket. Firstly, invest in business and then buy house. Big house is liabilty, when someone business is on peak, he can buy own house. Rent of property increases every year by 10 to 15 percent vary from area to area. Through a financial knowledge, every person can build his/her own home because financial knowledge is necessary for cash flow management. If a person is financial literate, he can build business and can build his own house and can rent out properties. If a person is financial illiterate, he will destroy his generation by leaving them in a worst condition. Buying real estate is best option than 
living in a rented house. Rent is headache at the start of month when salary comes.