Which is better; own house or renting?

If u r settled in a place permanently it is better to buy a own house, and if you more from place to place it is better to be in a rented house and towards your latter latter years u can go for a own house.If it is possible one should buy a house in a life time.The feel of own house gives immense satisfaction.

It depends on interest rates and the time value of money technically, but simply speaking owning a house is better if I'm living in it, renting is better if you are renting from me. Personally I rent from the bank and that makes things oh so much easier. They have this nice little payment scheme they call a renters mortgage. They put the burdain on me to take care of their house and for the privledge I pay them for the house that they purchased after I picked it out. Later on down the road if I choose to sell their house for them, I will get a commission called the difference between the sales price and the remaining balance on the minimum mortgage (rent) that they have set. If I don't pay my rent on time, they will kick me out of their house fore closing the door on me and then they will either rent my house to someone else or sell it to another bank that will rent it to someone that has picked it out during that same mortgage selection scheme. This fore closing process is kind of the banks way of cheating someone out of their sales commission.

i say owning a house is far much better. greetings. : )

i think you should first develop your apartment and live in it. its better to live on your own rather than stay with in-laws. Then just save up for a landed house. when you have enough money, you can just sell the apartment for added money then buy the house of your dreams. its better to have your own house than just rent.

I own my house and its all paid for. the thing that i love about it is that no one can tell me that i can't do this or that with it whenit comes to remoldeling it. I don't have to pay rent either. That i really like about owning my own home. The money that i would have had to use at rent if i was renting now gose to food for my family or what ever we need. See if you can buy a house at a city or county auction. thats how i got mine. It really helps.

I really cannot give you much advice. Here are some things to think about though With home ownership, you have to pay yearly and somtimes season taxes on the property and home and they go up every year. When something goes wrong with the house (such as the heat goes out and you need heat for the kids) then you have to foot the bill to have the furnace fixed. Yes, you can make your own up grades in the house and do with it what you wish, but when it comes time for costly repairs, you have to foot the bill instead of a landlord fixing things. Montly payments have to be kept up and they really are not cheaper than living in an apartment. You can have your taxes and insurance on the house put into the loan payments, but that adds to the payment amount each month. Which reminds me. That owning a home and property, you need insurance on that property and home. If you have a loan, it will be required. You want to have replacement insurance that way if something happens, you will be able to rebuild... It is more expensive, but better in the long run. I guess the biggest thing on owning a home is the maintenance. Do you want to pay someone else so they do the maintenance, or do you want to have a mortgage where you are responisble for maintenance.

i like to live in my own house. You buy a house on bank loan .

own house

of course,own house,but it costs much money!

i think you should buy your own house.

I think owning a house is better. At least if you own a house your money is paying for it. I believe renting is a waste. My husband and I are looking to build as well. But it is hard for us to find land in our area.

renting is more cheap

Own house,,,,,,,,

Owning a house is much better if you can afford it. Remember what they say: renting is owning, only it's owning for someone else.