Is it better to buy a house or rent one?

It very much depends on your circumstances, the cost of the mortgage/loan available to you, whether you can find the capital for a deposit and also, of course, whether there are suitable properties to buy in the area. For most people, it is more expensive to rent a property than to make the payments on a property loan, especially if the loan is longer than about 25 years, so, if you are thinking of staying in the same house for any length of time, a mortgage is definitely a little cheaper in terms of regular payments. There is the added advantage that, since property prices tend to rise, when one sells to buy another house, you (as the owner) pocket the 'profit' and, if you have made any improvements, you see the benefit. Really, the choice of whether to rent or buy is a matter of balancing a number of variables and, to a certain extent, speculating on the future value of the property. If you rent a house, ALL of the payments you make are 'expenses'; if you take a loan, on the interest you are paying on the loan is 'expenses' and the balance (over and above interest) is, effectively, 'savings'. If the monthly outgoings are about the same or even a little more for a loan, you are actually likely to be better off in the long run.

Wouldn't it be nice to find a rent to own?

Depends on the house you are going to get, for me, I want to have a house but I'm still studying.

I think if you have money to buy a house, better to buy than renting. Because if you rent, you waste more money by doing that. If you buy the house, you can say that you have your own property. But renting is not yours and pay more and more in that matter

I would want to own one. It gives you security, and also, if you do not take a very long mortgage, you can live there for free once you are older, which is great. I also prefer it because no-one can kick you out, and I think it is really important for children to have a home when they grow up. So I am currently saving for a down payment for a house!

That is the same thing that bothered me. Previously I would only accept to buy a house of my own. But I found it is really so hard. Maybe you have to save money for many years and still could not afford that. Rent a house will be a good idea. You can use money somewhere else, and will not have much pressure.

in my opinion is always better buying an house also because is a primary goods in veryone life and so you can have it and in time watching the price raise up in any case!!Surely buying an house is not so easy and normally needs a big investment so it si coplicated but i think that is a good thing especially if ina family have sons ..in this way you are sure that a primary goods will be available for them and it would have always a good value in time!!

If the family has enough money to afford to pay a monthly installment for a credit, then it's worth buy a house. If they rent a house, they will have to pay again a monthly rent. Why not use that money to pay the monthly installment for a credit instead of the rent? They will have their house.

I would rather to rent a house. If I bought a house,I have to live there for a very long time even for all my life.I don't want to be in a same place for a long time.So if I rent a house,I can live whereever I want in the center of the city or in the country and so on.Renting a house is more free and comfortable.

I really like to have my own house. It's an investment for me! But still maybe I don't have savings to buy my own so I am staying with my family.

It is a case to case basis depending on some factors. Financial capacity. Are you capable of owning one? Does your financial status permit you to buy a house? Are there other source of income apart from your wage that would enable you to pay for your house amortization? You can afford to pay now but what if you lose your job will you still be able to pay for it? Nature of job. I think if your work requires you to move from one place to another, it is not advisable for you to own a house because eventually you will have to leave it. Sense of responsibility. Are you ready to take on the responsibility of paying the house insurance, taxes and maintenance cost? Well this is just some factors to consider if you want to own a house. Renting a house seems a lot easier but in the long run it still saves you a lot of money if you would still buy a house of your own.

That is why there are housing loans because if you do not have cash to buy one, you have it monthly through a financing or hosing loan. The money that you will be paying for the rent, you can pay that for your monthly bill for your house if you go for a housing loan.

we all prefer to buy our own house, it's just that our financial capabilities refrain us from doing so. of course it is but normal to put your money where it is essential such us your basic needs (education of children included) but i guess if you can find a house which can be rent to own, it would be better to get that than to just rent an apartment. come to think of it, how much have gone to rent alone right from the start your family rented a house? perhaps if will add everything you have paid, the amount would be something that would nearly buy you your own. it's just like putting all your coins in a piggy box that has a hole underneath. your money is gone. unlike if you get a rent to own, or get a housing loan (if you have extra money), it's not that hard to pay knowing that it will eventually be yours. invest in buying your own lot, the good thing about it is that it appreciates and then erect a house when you have enough savings or find a house and lot which is rent to own. my piece of advice.

I think many people are more likely to have their own house, they will feel securer and warmer, but for me ,i think it's really no need to buy a house before 35,you can spend your money on self-improvement or some good investment, so you can earn more money, during this time, renting one is a good choice, when you career is stable, you can buy one

i like living in a apartment.

Well, here in the US we have continued to see more properties in Short Sales, Foreclosures, etc. especially if they were bought during the housing boom, but personally I feel if a person can afford a house, it is the way to go. Overall it is a property you own, can fix up the way you want, is Tax deductable and will be something worth doing. When you pay rent to someone you never have anything to show for it, but personally you do need to examine your budget and look at everything and make sure you can afford it, but to own a home for me is where it was at.

Dear friend, A have a house in good location is always an asset. Moreover I feel those real estate is a business. Also renting an house is also an income. I would buy an house if I have enough cash than to live rented. It is purely depending upon the budget one have.

I would definitely prefer to own a house. Unless you are only going to be living in an area for a short period of time, I wouldn't recommend renting. I especially wouldn't recommend renting a place if you are planning to live in the same area for the rest of your life.

The answer to that question is, "It depends." There are many things to consider when deciding whether to buy or rent. How secure is your job? If you were downsized, could you still make the payments? Is there much of a chance that you might be transferred to another part of the country? How good are you at fixing things, or would you have to call a repairman if anything went wrong with the house. Buying a new house does not mean that there will be no maintenance. If you are handy with tools, maybe an older house might be your best buy. What about the school system? Compare house payments with price of rent, but remember that rents usually increase with time. However, house payments usually increase, also, even on fixed rate mortgages, because of increased taxes.

Right now it's better to rent. Housing prices are being artificially propped up.