2006-10-11 10:38:05 · 13 answers · asked by mrs.c 1 in Home & Garden ➔ Other - Home & Garden
you dont have to do home repairs , the owner does. you can move without having to sell your house, you dont pay insurance or taxes on the building, just your contents. you dont have to have a huge down payment, you dont have to deal with a mortgage company, you arent tied to it for 30 years.
2006-10-11 10:40:39 · answer #1 · answered by Anonymous · 0⤊ 2⤋
The big one is: equity. Buying a house gains equity, renting does not. You can always sell the house later and get the equity as cash in hand. Mortgage interest is an income tax deduction. With a mortgage, you gain ownership for your money, but with renting, the money is gone with nothing tangible to show for it. It all comes down to MONEY. You get to keep more when you buy, and with renting you get to keep nothing...
2016-03-28 05:21:43 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You pay less in rent. You are not really tied down. The market at the moment is very unstable, property is so expensive. I rent now and I really do prefer it. If I was to buy now, I would have to be mortgaged up to the hilt. If the rates went up, I just couldn't afford it. I don't think it is so important nowadays to buy. There are so many other options.
2006-10-11 10:43:24 · answer #3 · answered by deanocats 1 · 0⤊ 1⤋
That its easy to move and you don't have to fix things usually.
Other than that, NOTHING.
No control over how you want your living space, a yard, a place to park a moped, etc.
We have been renting for like 20 years, its bad in that we don't have anyplace to call home. Cheap rent though. I think my wife doesn't want to grow up yet and doesn't want to take any chances. Thats why I don't work.
2006-10-11 10:41:30 · answer #4 · answered by Anonymous · 0⤊ 1⤋
If you rent,when something major goes wrong,like the heater breaks,you just pick up the phone and call the landlord. Also if you rent,you don't have to worry about paying property taxes.
2006-10-11 10:41:27 · answer #5 · answered by Terri R 6 · 0⤊ 1⤋
Nothing unless your life is not stable yet!! Owning a peace of land is the ticket and a major investment that's worth it, you know? Well no you don't. Try it sometime. we bought our house for 80 thousand and it is now worth 300 thousand in just 4years. Good luck!!
2006-10-11 10:43:56 · answer #6 · answered by mdzevolveddammit 4 · 0⤊ 0⤋
You don't pay for any of the repairs in the house. You don't pay taxes on the house. You're not responsible to pay for any maintenance upkeep costs. Your rent may be higher than house payments to cover those costs though.
2006-10-11 10:40:41 · answer #7 · answered by ? 6 · 0⤊ 1⤋
no maintenance its all the landlords responsibility at no cost to you or a job offer in another state you don't have to worry about if your house is going to sell you just move
2006-10-11 10:51:55 · answer #8 · answered by nicanone 1 · 0⤊ 0⤋
owning your own piece of land is the best feeling in the world. No one can take it from you and you can do what you want with it.
No grasss feels nicer beneath my feet then my grass.
2006-10-11 10:57:48 · answer #9 · answered by Linda 3 · 0⤊ 0⤋
Sometimes utility bills are included. You are not generally liable for repairs, unless you caused the damage. You can gather up and move when you want to.
2006-10-11 10:43:27 · answer #10 · answered by eferrell01 7 · 0⤊ 1⤋