wic 1 is better? rent or buy?

Malaysia
March 4, 2007 5:27am CST
buy a house is good but need a lot of money. rent is not bad but just like drain all the money to something that u get nothing in the end. wic 1 u prefer? n y?
1 person likes this
8 responses
@paidmuse (30)
• Denmark
16 Mar 07
I would definitly buy! I can never pay rent and do some heavy savings at once. I prefer buying unless you find something extremely cheap.
• Malaysia
17 Mar 07
for landed prop's i prefer to rent, as the installment normally very high due to it's premium in price. only if given the choice of renting apartment/condo, i'll buy for myself though
• Philippines
4 Mar 07
If given the money, I would prefer buying my own house instead of renting one that is because I really would love to have a house of my own. But since my funds are limited, I resort to renting. At least its near my office and its cheaper. It would give me enough time to save money for a house. By the way, Im also considering housing loans where I can get rent to own houses. Perhaps you may want to look into that as well.
• Malaysia
4 Mar 07
u mean like properties investment issit?
@aliasad (1567)
• Pakistan
4 Mar 07
Yes, you are right that to buy a house is much difficult because it needs a lot of money to do so. To have a rented house is though not a blessing whilst you own the money & prefer to live in a rented house. But what I really wana share is that I would like to have a rented house because it, anyhow, give an open end to select another best fit to live for ever. After going on & on, the best fit will be selected and purchsed. LoL
• Malaysia
4 Mar 07
i'm quite agree wit u
@mashimaro (1095)
• Philippines
4 Mar 07
It is right to buy a house done renting a house, it is right to buy because in the near future the hardship of paying that house it will become yours. In renting you always renting but in the future it will not yours.
• Malaysia
4 Mar 07
it might be true that in the end of the day the house will be yours. but provided if u have some better place for that extra money than pay premium to own house, it still worthwhile renting than owing issit?
@ganwn071 (1117)
• Singapore
17 Mar 07
I will buy a house and pay up the house thru installment, I will treat the installment as a rent and eventually you will own the house and it is your, else if you are still renting, you are help the owner to pay up their house with your rent.
@Gemmygirl1 (2870)
• Australia
14 Mar 07
Ok, renting is a waste of money but you don't have th worry about water/council rates or anything like that. Having a mortgage means at least you know you'll own the place when the loan is over. However, the banks will charge a lot in interest, you're still responsible for all rates & require insurance! I went with buying a house as i was sick of wasting money to pay off someone else's mortgage. It also offers security for the future, you have no worries about being evicted or anything as long as you keep your payments up on time!
@qouniq (1968)
• Malaysia
11 Mar 07
buying a property is really cost us very much. But buying a house is better than renting them as you will end your years paying with your own house finally. Property rate are always increasing as the times goes by. This is means that your house price will be in 5 times more compare to when you first bought them. What you can do if you don't really satisfy with your house you can sell them and earn much profit here as like what i have mentioned earlier that the property rate will increase as the time goes by. If i have enough money, i would buy a house rather than renting a house.
@wsue1023 (1396)
• United States
5 Mar 07
When you rent you're basically paying someone else's mortgage. If you have credit, you should always buy. Real estate is one of the best/safest investments there is. We bought our house 5 years ago and it has just appraised at over $40,000 above what we paid for it. Will make a nice down payment on the next time we buy. I've always thought the only people who rented were those who had no credit, poor credit, or those who weren't planning on living in an area for a lengthy time period. Otherwise it simply makes no sense. Of course, I can't speak for any area outside the United States, since that's all I know, but here it's best to buy.