Is RENTING a house WISER than BUYING through LOAN?

like the other mylotters, i also prefer buying rather than renting especially if you have the budget or extra money. Because in some places, when you compute the monthly rental that you pay, it may almost be the same amount that you need to pay for the monthly loan to buy a house. BUying a house is better because it is an investment and after a certain period of paying for the housing loan, you will have your own house already. Also, since you are working now, take advantage of it that you will be able to save and buy your house already so when the time comes that you want to retire or that you lose your job, at least you will not worry how to pay your monthly rental if you are still renting a house. of course, you have to consider a lot of things when you buy a house, choose the best and convenient location for you and your family and also the price. Choose one with the easiest payment terms that you think you can afford without sacrificing other important household expenses and to make sure that you can afford to pay every due date. good luck with finding the house and your decision!

I would prefer to buy/own a home as opposed to renting. However owning means you are the person responsible for the upkeep and repair, which ultimately means for you and your way and not have to deal with a Landlord's stipulation. It is best to rent when one can't afford the utility, taxes, insurance and maintenance costs. Several factors to fit into the equation when making the decision, because some things cannot wait as a homeowner with unplanned expenses.

I'd say buying would be way to go. Renting seems like its good because you MIGHT be paying less for rent than mortgage, BUT at the end of the day all that rent money is going away and you still can't call that house YOURS. IF you buy it atleast after paying it you know you will OWN it at some point. I'm in US, so the house market is horrible.. good time to buy right now if you can afford to buy it. You can get the houses for good price as no one wants to buy it. You can name your pricely pretty much.

It's better to buy a house , as for my family we cannot afford to buy house here in Vancouver too expensive to buy. If you said it's cheaper then go ahead because it's your money paying monthly payment in rent but never have own the house is really not good. Where about are you? We have houses and apartment here the cheapest is about $200,000 as lowest priced for one bedroom apartment, which is not ideal right. average ranging from $500,000 maybe 2 to 3 bedrooms but in the State it's a huge money with maybe 7 to 8 bedroom.