is it better to buy a house or rent?

Answer 1

Definately better to buy.
Why pay all that money out each month and have nothing to show for it at the end.

Answer 2

I guess it would depend. If you are paying less in rent than a mortgage and would be able to invest the extra amount and make a good profit, it'd be good to rent. Otherwise buying is better. When you sell your house you get your money back. After you move out of an apartment your money is gone. Not everyone can afford a house though so you'd have to rent until you can afford a house or mini-home.

Answer 3

That depends on several factors.
If the market is high then it is better to rent, because you do not want to be left with negative equity. If it is low it is good to buy because it is then a quick way of getting into positive credit.
Also it depends on your lifestyle, if you want to move from place to place regularly then owning a house is an expensive choice, since the estate agents and solicitors will make money on each sale. However it you are planning to be in the same place for a long time then buying is the best and cheapest option.

Answer 4

The lasting piece of advice handed down by my grandad who rented all his life is that renting is a fools game in the end all you have done is paid someone elses mortgage several times over. If you buy in the end you have something you own and a certain amount of financial security. My granddad ended up having to stay with my uncle in his old age as he couldn't afford the rent out of his pension. My parents heeded his advice climbed the property ladder and are now secure in the knowledge that if need be they can downsize when ready and spare up some cash for later in their retirement. I have been a home owner for 13 years and now only have 12 years of mortgage left - no endowment to worry about shortfall and by the time I am 50 will have no mortgage hanging over me and can retire early if i choose

Answer 5

It is always better to buy than to rent, why? why put money into someone elses pocket?
Think about it!
If your concerned about selling in the future, don't. once you've got yourself on the ladder, you're on the way up.
Thats how generations before us have got where they are today, maybe you can just afford a studio, no worries, live in it for a year, then sell, you will be able to afford a one bed flat, then after a year, or 6 months, sell again, you can afford to buy a two up two down, then sell again, get a three up, two down, I realise this means moving for a few years, but believe me, its worth it.
After 7 years, you could be in your dream home.
My husband is in the business of selling villa's, and apartments on the Red sea coast, any enquiries, please let me know

Answer 6

The two questions you have to ask: 1) Do I want to live in this house for a long time, fix it up...etc. ? 2) Do I have enough money for a down payment, and if something goes wrong, will I have the money to pay for it?
If you answer yes to these, then you should buy a house!

Answer 7

If U got enuff cash, don't regeret to spent 'em on buying ur own properties especially buildings rather than buying vehicles as the time goes by, the value of the land will increase together with the value of the land. It's a good investment for your future..

Answer 8

buy a house because if u rent one for amount of the hose payments u will go over the orginal house price so there for by a house

Answer 9

Buy, definitely. I wish I could do it, I'm fed up with renting, but can't afford it yet. Nothing beats the feeling of having your own property.

Answer 10

If you can afford the mortgage then it's got to be better to buy your own home over renting someone else's, and paying their mortgage instead

Answer 11

better to buy a house,its a long term investment and hard work keeping up with the repayments and maintenance,at the end of the day you have something of real value