Emotional benefit of buying a house
By scheng1
@scheng1 (24649)
Singapore
February 8, 2016 11:22pm CST
Today on the way to work, I overheard two persons talking about their accommodation problem.
One person is lamenting that she has to move again because her landlord has sold off the house.
Since her migration from China to Singapore, she has to shift house so many times.
Her friend asks her to buy a house.
At least she has stability, and she can buy whatever furniture she likes.
This reminds me of the emotional benefit of buying a house versus renting a house.
A house is not a home if you are just a tenant.
There is no emotional attachment, and you are not likely to accumulate sentimental items that enhance the enjoyment of life.
10 people like this
10 responses
@scheng1 (24649)
• Singapore
10 Feb 16
Affordability is not an issue.
Those who want to own a house will save up for ages just to have a house.
You probably have not seen the determination of the poor Chinese immigrants.
They can work 16 hours a day, 7 days a week, survive on very little, just so they can save up for a house and to send their children to college.
2 people like this
@moonchild117 (1990)
• Philippines
9 Feb 16
Yes, it really has an effect if you know that the house you're living in is 100% yours. People may think renting is good, but in the long run, it's like you're paying for something you would never have a chance to own. If the rental fee is just the same as the monthly pay for your own home, why not just buy, right?
2 people like this
@moonchild117 (1990)
• Philippines
9 Feb 16
@scheng1 I really wish I have enough money to buy my own home. Right now, I'm living with a relative. I hope I can earn enough to buy myself one.
2 people like this
@Marilynda1225 (91217)
• United States
11 Feb 16
Its always better to own ifyou can afford it but owning isn't for everyone. I like owning so I know its mine & I will only move if it's my choice. I like to have roots
1 person likes this
@Mike197602 (15504)
• United Kingdom
9 Feb 16
Buy a house if you possibly can.
I've said it a lot on here and if you're interested maybe check out this discussion where my advice is mentioned.
I'll be linking the other discussion to yours too.
I'm not yet married nor into a relationship. I'm just thinking about my future and my future family. I have come up with this idea after @Mike197602 advised me...
2 people like this
@Mike197602 (15504)
• United Kingdom
9 Feb 16
@scheng1 people here have a hard time getting on the property ladder due to house prices.
The government is giving money to people who are first time buyers to help them out.
As I mentioned in the discussion I linked to...which came from another discussion...I think home ownership is very very important as it makes us feel secure.
2 people like this
@scheng1 (24649)
• Singapore
9 Feb 16
@Mike197602 Yes, that is true, especially when the house is paid in full!
The feeling is truly liberating.
2 people like this
@alchemistrx (2547)
• Philippines
9 Feb 16
A house is a good investment.Its good to buy a house than rent one because renting is like giving away money for nothing.
1 person likes this
@JudyEv (382925)
• Rockingham, Australia
17 Feb 16
Having your own home is much the best if you can manage it.
@hellopeeps (403)
• United States
9 Feb 16
Not necessarily, you have to be sure that the house you buy is the house you want to stay in forever because if you sale it is money out of your pocket. No matter how you look at life negative or positive you got to look at everything there are benefits to renting and benefits to owning a house period. Your stuck if you own but if you rent you have the option to move the next year your lease is up. Look into your neighborhood before you buy that is all I have to say because if you dont you will regret it and your neighbors. Dont just buy the house because it is beautiful. Your buying that neighborhood.
1 person likes this
