It's very difficult to buy a house, do you think rent a house better than buy?

of course there are good points and bad ponts to both. we own a house and are looking to sell but these days it is so hard to sell a house because there are so many on the market and no one can afford to buy one, but if we were only renting, we could move without any problem.

i view a owned house as a security.so any time i would prefer to buy one but seeing the current scenario where its difficult to buy one i will rent temporarily and keep on working hard to get my dream(even its a small affordable one)

Hi, Betty!

I think everybody wants to have their own houses because it's a long term investment. Therefore, buying a house needs a lot of considerations in the aspect of financial.

If one does not have enough money, it is much better to rent for a while and save some money to make a down payment for a house and make a budget to pay for the monthly installments at least a year in order to keep the financial stable.

I can't help thinking that paying for the monthly installments to our own houses are much more worthy than paying for the rental.

yes definitely renting is a good option who can't buy a house.
Calculate --
normal small house cost --- around $250,000
If you put this amount to bank, you can get interest of around 3.6% per year.
so your yield per year is $9000.
But if you rent a small apartment it would be around $600 . so it is $7200 investment a year.
So you are gaining in both ways ---
1. your money remains yours
2. you gain from bank interest

What do others think?

When I got married my husband and I made sure we have our own house so that we don't need to stay with in-laws, or rent. Although the house was brand new, then we found out the house we bought had so many defects, the materials used were substandard and the location wasn't very good. We wanted to move out but we were already paying the amortization so there was no other way to get rid of it but the sell. So on our second year of staying there we decided to put it up for sale. We had difficulty finding a serious buyer. Finally somebody bought it after 10 years. Now I'm renting an apartment while scouting for a new property in better location, (hopefully, without possibility of getting flooded during rainy/typhoon season). The benefit of renting is we can easily move out if we need to. But I still prefer to have my own house (again).

I think it is great if you can buy a house when you are very young. And thing work hard and put any extra money that you have to pay the mortgage for the house in full as early as possible.

Then when you get older, you will not have a house payment. Or, you can rent that house out to someone else and buy another house if you would like.

It can be difficult in the beginning to save for the down payment. But if you work really hard and set your mind to doing something, it is definitely feasible. One of my main beliefs is that you can do anything that you set your mind to.

If you are considering purchasing a home sometime in the future, then I hope you will be able to. And I hope that it will be sooner rather than later. Good luck to you!

I know buying a house can be expensive especially in this economy,but if you look at it over a long time,then it is cheaper to buy a house instead of renting,because though you might have to make a big down payment,and then make big mortgage payments every month but when you pay it off it is payed off,while if you rent a house you might pay less each month but you could be paying until the end of time,so the money adds up,so if you look at the long run,you come out cheaper to just buy a house,which is why me and my wife are going to buy a double wide when we get the money,which will hopefully be in the next couple years or so.

if you want to settle down in one city and do not have a traveling or transferable job, it makes more sense to buy a house rather than rent it. these days you can easily get house loans at very competitive rates. so where on one hand you will pay rent just to live in a house, on the other hand you will pay installments to own a house. so buying a house is definitely a good choice.

The way I see it depends on where you live the rent will be the same or higher then your mortgage payments in some cases. So instead of throwing money away you buy a house and it ends up being a good investment years to come. I brought a house in NY for $129,000 and sold it 11 years later for $465,000. That was a great investment for me and my family.

I agree that, nowadays, its very difficult to buy even the most basic necessities, let alone a house. Most people's finances are somewhat shaky, especially with the recent bout of global economic recession. However, I believe that it is better to buy a house than to rent it, if your finances would allow it. If you buy a house, you would be required to have a bigger initial cash outlay but at least you would get something out of the payment made (ownership of the house). However, if you just rent a house, you'll be paying something lesser, for god knows how long, without ever owning anything. Besides, you'll have more freedom on what you want to do with the house when you actually own it. So I guess its more practical to buy a house than to rent it if you can afford it. I'm currently renting an apartment with my sister but we have plans of applying for a house loan so that we can finally have our very own house. Maybe next year, when our finances get a little better (I hope!).