RENT OR BUY? Should you buy a house or just rent it.

September 17, 2009 10:51pm CST
i have read an article in the web stating that renting a house is more economical compared to renting it. They say you make more money saved by renting rather than buying. sadly, i personally see it the other way.. i guess buying gives you the financial freedom after completing the payment for it and after you have paid for the tax for it every year... hahahahha
3 responses
• Indonesia
18 Sep 09
if you have the fund i better buy it or credit it that's what i did now i have to pay the bank for my house installment and guess what the amount of the installment is not really different if i compare to renting a house. Later on, there will be a big difference....your rented house is not yours but not with the bought one.
@lynnemg (4536)
• United States
18 Sep 09
I think that unless you are certain that you are ready for the commitment that goes along with buying a house, you should wait. I fo agree with you that to buy a house and pay it off would help a lot financially. In my opinion, the ideal thing to do is to buy a house that the payments would be only half of what your current rent is, then, pay double payments each month and pay it off in half the time.
@satan88 (586)
• United States Minor Outlying Islands
18 Sep 09
You should rent a house unless you really do have enought money to finance a full house. play it safe and rent first until you know you have enough to get by.