Do you prefer to own or rent a house during this financial crisis?

I think that if you can afford to make the payments now it is the best time because the prices are down. if their jobs are going to be ok..I would say buy....If they wait until the economy is better they might pay a whole lot more for the same house.

i think during this financial crists time,the house price also will be down so quickly,if your sister financial condition is good,i think her choice is good for buy her own house better than rent the house.......in the further the financial situation will be change good and the house price also will be high.......happy mylotting and have a nice day.

Hi, I would say YES. It is good time to buy a home. Why? House price is down and interest is low. If she could qualify for a great fixed loan. But if you are now own a home then it would be different. Try to ask around for buy home, especially for first time buyer... she needs to get more information about buy a home. Best wish and good luck.

hey there in my personal opinion here in the uk now is the time to buy. For a number of reasons, A) there are a lot of re-possession auctions properties from people who have not been able to pay their mortages so these are going cheap. I have purchased in the last 4 weeks 3 houses this way and have 2 rented out already. B) It is now a buyers market there is a lot of choice and not as many buyers so this is driving the price of houses downas their is not enough demand for sellers to hold their ground if they want to sell. C) As the house prices are low then over the next 5/10 years they will again start to rise as people start becoming more confident and the demand for housing rising. I guess it depends on her situation but I would say buy now a house is a commodity buy when the commodity price is low then sell when its high. Hope that makes sense

I think each person should make the decision based on their own situation, not the situation of the economy as a whole. If you live in the US, the tax credit of up to $8000 can be a huge boost and a great incentive to purchase a house this year. If your sister has a steady job that is unlikely to have lay-offs, than buying a house may not be a bad decision. There is always a risk when buying a house. You never know what the housing market will do. You never know when you might lose your job - even in a good economy. You never know what life will hand you next. It is a risk you have to be willing to take. I dont think it is a bad time to buy a house just because of the economy. I think if she can afford a house that she wants and has good reason to believe she will be able to afford it in the future, she should go for it. I bought my house young - I was still in college. Many people thought I was crazy. I was the right decision for me and I dont regret it. Each person needs to make their own decision in such a huge matter.