Buying or renting property

Australia
September 5, 2016 12:35am CST
I am looking to buy my first investment property and wanted to know people's thoughts about renting or buying property. Renting is properly cheaper in the short term but in the long term you would pay more renting than buying. What are people's thoughts?
6 people like this
9 responses
@yukimori (9047)
• United States
5 Sep 16
I'm a fan of renting, personally. If something breaks, I make a phone call and the property manager sends someone out to fix it in a reasonable amount of time. Doesn't cost me a cent, either.
1 person likes this
• Philippines
5 Sep 16
do they come and fix it immediately?
@yukimori (9047)
• United States
5 Sep 16
@hereandthere It depends on what the problem is. Certain things they have to fix immediately, like if there was a problem with the water heater. Other things, like shingles coming off the roof, aren't as important so it might be a week or so before they get someone out to deal with the problem.
1 person likes this
• Australia
5 Sep 16
Hopefully the house doesn't need a lot of renovating to be done and I can pick it up for a reasonable price.
@AkoPinay (11809)
• Philippines
5 Sep 16
Of course buying is better. You can do what you want without asking permission from landlords. .
1 person likes this
• Australia
5 Sep 16
Yes you buy and it's yours.
1 person likes this
@AkoPinay (11809)
• Philippines
5 Sep 16
@nomus24g (22935)
• India
5 Sep 16
Investment in property will depend how would your country/city is focussed on that particular sector...
1 person likes this
• Australia
5 Sep 16
Yes and your future prospects. I think it's better to buy property sooner rather than later as prices seem to be climbing every year especially here in Melbourne Australia
@nomus24g (22935)
• India
5 Sep 16
@IlijaMarkovski prices of everything will go up with years to come, thats incidental to economy growth
1 person likes this
@Macarrosel (7572)
• Philippines
5 Sep 16
If you have enough money then buy the property for it will surely be yours rather than renting.
1 person likes this
• Australia
5 Sep 16
Now it just depends what area choices to be made.
@PurnaSharma (2114)
• India
5 Sep 16
Definitely and also your labor get reduced.
1 person likes this
@kaka135 (14087)
• Malaysia
6 Sep 16
I'd prefer to buy the property if I can afford it. As you said, it's better in long run, and the property belongs to you. I can decorate or renovate the house as I wish too. Moreover, the price of property usually goes up. So I think it's wise to invest in property. Of course, the location matters too.
@hereandthere (31063)
• Philippines
5 Sep 16
some offer rent-to-own, some buy then rent it out.
@ilocosboy (34315)
• Philippines
5 Sep 16
yeah renting is cheaper you think but if you count all of them is too much but if you have money to pay full why not?it's cheaper than renting
@carebear29 (28586)
• Wausau, Wisconsin
5 Sep 16
Honestly I rather rent