is worth to by a house in current? or just rent house for another 20 years?

China
April 29, 2009 5:03am CST
now the price of a normal house in my country is a little high. so many couples are going to rent house instead of buying one.because the price of renting a house is lower than buy a new house. under the background of crisis ,many people lose their job and make less money than before ,so they have to save money for unexpected things.I think rent a house is a nice choice. don't you think so ? happy mylotting.
2 responses
• United States
29 Apr 09
I think that if you have the money for a really good down payment then you should compare the cost of a house that will be yours forever to the cost of renting a house and the chance that in 20 years you will still be alive but you house is being taken away because the owner no longer wants to rent. I am currently saving money so that when we do buy a home we will have a really good down payment (almost half down) this will make our payments low and make it easier to pay it off early.
• China
6 Jun 09
thank you for your response. happy mylot.
@besthope44 (12145)
• India
12 Jun 10
Well i wished for a dream home. And i got it recently. I got little amount for it and rest through loan. I am happy i got my dream home near my farm. Investing on home is life long asset for us and kids.