Rent / Buy a house

I want to buy a house really badly and we are going to try to. The way I see it we are throwing are money down the drain by renting we pay $425 a month for rent and we have lived in the same house now for 5 year so we have paid over $25,000 and have nothing to show for it! We could have had a house halfway paid off with that money! Instead of keeping our landlord in the money!

Buying a house may sound like a huge deal to go into debt over, but in the end you will be getting so much more. In the end of your working career and ready for retirement, you don't want to have to account for a monthly rental expense out of your budget, had you bought a house in the prime of your life you can be living in a house that you would only have to worry about up keep costs. Sure it's scary knowing you will owe money for your house for say what 30 years... vs. a 60yr lifetime rental payment where you ultimately never owend a thing, and have to take it out of what little retirement retirees are to live off of.

renting is good but when you try to think that the money you pay monthly is more costly than you will buy your own house, own house is good for everything, what even you change , whatever you do nobody come & complain because thats is you own house, if you rent just 2 or 3 day late of paying a rent you can here words from landlord that you dont like. so for me buying a house will much better that renting only.

Buy... I'll be looking into this option as soon as we can save some decent moola behind us and then I'll go detached house huntung. I've already found a mortage provider which can give us a save rate, just need to get bricks in place and start the 9 to 12 routine all over again. So badly want a detached house... so, so, so badly! ~Joey

I really want my own house, because I like everything in the house arranged by myself and I always think the own house can give more family feelings. Although the real estate price seems keep going up crazily in my city,i'm still looking for a house and trying to buy one.

Personally I wouldn't trust the housing market to buy a place, with prices fluctuating so much I think you would be safer renting so as not to lose any money in the long run. It's just too much of a risk! Nica x

For us it was a question of what we really ended up getting out of rent. It's definately convenient BUT when we sat down and discovered what we were spending on rent per year, our landlord had much more to gain than we did. At $600/mth for rent, for 5 years (at the same place), it came to a staggering $36,000. WOW. We quickly decided that it was much more feasible for us to put that money towards property WE would own. Like you say, the hassle of landlords can sometimes be overwhelming. Getting things fixed or replaced can fall on deaf ears. Sooooooo, we contacted a mortgage broker, looked for homes in the price range we were accepted for, and 6 weeks later moved into OUR OWN home. Why we never did this years ago is beyond us but are sure glad we did. Our monthly mortgage payments are the same as our rent was. Even at our age, we will still manage to have our home paid off by the time we retire. Do some research, talk to people in the business and weigh your options. And yes, it is our love nest. There is nothing like the feeling of owning your own home.

I really want to buy my own house.However in Holland the problem is that even if it's your own house it never really is ,because you still have to ask permission if you want something done with your house.And who are deciding the people who're against it and who are jealous or because it's not their style.It's really pethatic,but there's nothing we can do about it.You know in america even the ground is yours and once you payed your house off it's yours.We have to pay taxes even though we bought the house so everyone no matter how rich has a mortgage otherwhise the taxes will be very very high. So i think in my country it's better to rent a house but having your own house would be very nice. I hope to achieve that.

The way of buying a house and renting another is really popular in our country. In recent years, the house prices was getting higher and higher which was far beyond the salary growth. We don't know when the increasing will have a stop. Some people begain to buy a house in order to avoid the risk of prices becoming much higher in future. Meanwhile, they rented their own house and the rental lease was used for another house they would rent from other people.