what is better to rent or to buy

I used to be a real estate agent. Right now it is a buyer's market prices are cheap. It will turn around and become a sellers market soon it always does. So if your going to buy the time is right now. Interest rates are low and house prices are too. You will turn around and get this equity. You certainly won't lose money buying a house. When renting think of just giving me 600 dollars a month to pay for my BMW. LOL!! When you leave you still have nothing. At least when you buy you still have a little money. Also there are tax benefits that will help you get a better return. I would never suggest renting to anyone although I am a landlord and we own 2 rental properties because it is a money making business. I can buy a home and immediately begin making 200 a month easily.

I think buying is the way to go. If you want to minimize the cost, choose wisely where you intend to live in.

Definitely it's owning a house/lot is better than renting. As you said, even how long we stay in the rented house, we can't own a single nail from it. I rent, still rent a house. Actually, I rented a lot of houses before, moving from places to places. I am already tired moving, so I promise myself, that the next time we, my family moves, it will be the last. The last movement will ever made, to our own house. That time will surely come to us...

I will prefer rent only because it has some certain reason. 1) you don't have bother about water,electricity and some small small problems which will be rectified by house owner only. 2)you can shif to any place and stay there without having any problems. if you have taken land or house then it is difficult to move to some other city. and lots of other reasons are there for not to buy house. But if you are retired you have to settle at a single place ready to take care of everythings then its good to have one own house.

I guess it depends on how long you're going to be in a place. Buying a house or apartment is a long-term investment and is more affordable, in the long run, than renting. For example, we rented a house to a family, and the mortgage was $800 (yearly taxes of about $2600) and their monthy rent was $2300. They didn't have to go through the hassle of applying and getting approval for a loan, but they could have saved a nice chunk of change during the 3 years they lived in the house. If you only plan on being in a house for a couple of months, renting is easier and, possibly cheaper if you consider the lack of having to put down a down payment. You also don't have to worry about fixing things, usually.

i live in a rented house, have probarbly paid for it by now if we had brought it.one good thing is that if there is a problem with the outside we don't have to pay for repairs, drawback is that we can't do just as we please with it. At the moment am waiting for new windows to be installed, have been waiting for years and they are now so rotton they are falling out

I think in Big cities its very difficult to own a house. Though having a own house is always advantage, owning a house has become a distant dreams for middle class people in big cities. So I would go for a rent rather than owning a house. Owning a flat may be resonable.

Personally, I prefer to own something, even though there are advantages probably if you Rent over buying when something breaks down, but here in the Seattle area especially it seems like Rents are always on the rise to where if you have money to invest, you will luck out more if you can Buy over rent. Yes, buying can be expensive, and you do need a decent income and credit in order to be able to do so, or some money for a nice down payment, but I still feel buying is truly the way to go. We own the place we are in, and it is on the market, and we already found a new place we are moving to, just as soon as our place we are in now sells.

If you buy , it is already yours.You can have a housing loan which you can pay for many years and is not hard for you

I would rather buy a house rather than renting one as it will work out cheaper in the long run. With renting you are giving someone else your money and not being able to get anything back at the end of the day, whereas if you buy a place then when the housing market grows and property prices go up then you can sell it on at a later date and hopefully make a profit or at least some money.

It depends on where your staying and in your budget... But for me, I rather buy a house than just renting a house... It is must cheaper when you own the house because you will not thinking anymore about the payment every month.. And if ever you experience problem in money,you will not anymore think about the payment for your rental... You will be thinking only the bills and your personal expenses...

I have moved 31 times across the US and Europe. At this time it would be better for you to rent due to the housing market now unless you are absolutely sure that you will stay. In most place now the houses are very cheap, but the market is impossible to sell in right now. If you rent you have flexibility and most owners are renting very cheaply and with little down right now. I just put my daughter in a rental property and they only wanted $200 security and a 6 month lease due to so many rentals on the market right now. It is nice to call it your own, but getting a mortgage now is difficult and who knows what the market is going to do? I am in a hot market in a huge house and can't sell even if I take off $200,000! I would rent for 6 months to a year and see how things go. Food luck!

I think its better to just buy the house if you can afford it because in the long run you will end up saving money.

I would definitely choose to buy not to rent. If we rent it, we could not really take good care of it like our own house. But when you decide to buy it, you could just add anything you like to make your house looked better

Currently, I am a renter. I keep hearing and seeing that right now is a great time to buy a house. The only problem is that getting the financing is much harder to get without a big down payment. Our rent is very reasonable, but we want to buy a house sometime in the next few years. I think you have to take into consideration many different factors before deciding which is better for you.

I think it would be better if you would have your own house. Especially, when you retire.