Buy a houe or rent

Australia
July 18, 2008 6:56am CST
Would you prefer to buy a home or to rent ? Is there enough rental homes to choose from and are they within an affordable price range. Would it be better to have a landlord who's job it would be to fix things as they become nessary to get fixed yet could evict you on a whim just as you were comfortably settled and had turned the house into your home.If you were buying your own home could you be secure in the knowledge that your house would one day be yours or that with the raising costs it could become a struggle to hang on to it .
3 responses
• United States
19 Jul 08
I would rather buy. Renting gives your money to someone else while buying puts the same money into your net worth. Thats why I would rather buy. Unfortunately, I don't have the income to buy right now so I have to rent. I am still a studen though, so I have plenty of time to worry about buying. Having maintenance come out when something goes wrong in my apartment sure is nice though. That is one thing I will definitly miss when I eventually buy.
• Australia
19 Jul 08
don't buy a house that needs fixing up your money gets swallowed and there are just so many hours in a day for work and fixing up a house.
@kingcrapper (1538)
• United States
18 Jul 08
Buying a home is the most economically sound move a person can make. Despite the forclosure problems, homes will always be needed and wanted and the values will continue to rise. On the idea of maintance, I am renting right now and am enjoying the idea that someone else has to do the work to fix things! The idea of me paying for something they will eventually own instead of something that I will eventually own is rather a frustration though.
• Australia
19 Jul 08
yes I agree homes will always be needed but will there be enough rental properties to go around for those who cann't afford a home at the moment.
• China
21 Jul 08
I prefer to own a house of myself.