2006-07-26 12:40:13 · 17 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Look I've got some room in my car, you can stay there for free. :)
2006-07-26 13:32:38 · answer #1 · answered by Anonymous · 1⤊ 0⤋
How long do you plan to stay there? If a few months, rent; if a year or two, lease; if two years or more, buy. House prices have had a secular growth of several percent per year on average, so owning one is good. However, by the time you sell one, buy one, and move, the turnover costs will be on the order of ten percent of the value of the house, so you don't want to do it too often.
2006-07-26 12:44:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you can afford a 10-20% downpayment, monthly mortgage with a fixed rate mortgage is not more than 30% of renting the same place and you are reasonably sure that you will stay there for at least 3 years, you should buy . Otherwise rent.
2006-07-27 14:46:44 · answer #3 · answered by maii_ka_lal 1 · 0⤊ 0⤋
Almost always buy, renting you are going to lose money in the long term.
Also having a home is good if you need credit or start a business.
2006-07-26 12:46:28 · answer #4 · answered by wazup1971 6 · 0⤊ 0⤋
buy, why throw your money away on a rent or lease. It also helps build your credit
2006-07-26 12:44:23 · answer #5 · answered by Nattie B 2 · 0⤊ 0⤋
renting is almost the same as trying to pay for one now a days. and wait, maybe im lacking knowledge but isn't leasing the same as renting?
2006-07-26 12:43:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋
buy now before intrest rates get any higher besides renting and leaseing is just throwing your money away
2006-07-26 12:43:46 · answer #7 · answered by wnruger 2 · 0⤊ 0⤋
Personally, unless a speculative angle is a consideration, I'd endeavor not to buy or make long term financial committments. Good economics presumes being liquid to the point of personal financial liberty.
2006-07-26 12:44:36 · answer #8 · answered by vanamont7 7 · 0⤊ 0⤋
If there is not any longer any concrete data of breach of settlement by the leasor, you'd be held to the words of your lease. Be prepared to pay the consequences. yet by way of the undeniable fact that is a good provide to commence possessing, it may no longer be a lengthy-time period fee. I wish you solid success.
2016-10-15 06:07:02 · answer #9 · answered by ? 4 · 0⤊ 0⤋
depends?
do you want to live here forever = buy
only for a couple of year = lease
maybe for a year or so = rent
2006-07-26 12:44:03 · answer #10 · answered by Anonymous · 0⤊ 0⤋
depends on what area of the country you live, depends on if you can really afford to buy.
If the place you live is overpriced, then you probably don't want to buy, but if it is seeing an increase in home prices in an area of high growth, it might be better to buy.
-Angela
http://www.ratraceclub.com
2006-07-26 12:46:13 · answer #11 · answered by Biancoa 4 · 0⤊ 0⤋