Rented house or you prefer to own one!!!

@seeths (413)
December 12, 2009 5:19am CST
Hi, Which do u think is the best option?To buy a house investing a lump sum money,but most of the things that you wish to have but sometimes due to financial aspect you dont have it or you would prefer staying in a rented house so that you don't have to invest a huge amount but at the same time you can enjoy the benefits. Regards Seetha
3 responses
@mystone (42)
• Indonesia
12 Dec 09
I prefer to buy my own house. We use to live in a rented house, but now we already own a house, and it feels more secure. However it depends on your financial plan. My friend live in a rented house, but she spend most of her money for her investment business. I know that her family could afford to buy their own house, but they prefer to rent because it gives them more benefits. It won't be the same if you use your money to buy things that will not return any benefits to you.
@borg246 (539)
• Malta
12 Dec 09
This depends on how long you are planning to stay in that house. What I mean is, for example, if your rent costs 50.000 a year and you are planning to stay there for over 10 years. Now, if the house costs 300.000, wouldn't it save you loads of money if you bought it instead of renting it? I hope you understand what I mean. If you are planning to get a house just for simple investment, then I would highly recommend that you buy it instead of renting it and that way you can expect bigger profits.
• Philippines
12 Dec 09
I prefer to have own house because it gives more security. I surely will buy one if I have the money. Then, I would not be worrying about paying the monthly rent which if you sum up, the entire amount could already equal the cost of having your own house.