2007-09-19 03:56:48 · 15 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
No. No equity in renting.
2007-09-19 04:01:21 · answer #1 · answered by AKA FrogButt 7 · 1⤊ 0⤋
I rented for 4 years. All I did was waste money. If you plan on staying in one place for a while, then I would suggest buying a place. our house payment now is only a few dollars more than what we were paying in rent each month. And eventually we will own this house. But on the other hand. There is alot more work that you will have to do yourself (mowing the lawn, hiring repairmen, exc)
2007-09-19 04:04:52 · answer #2 · answered by lauriechabot 1 · 1⤊ 0⤋
Of course NOT!
When you rent you are throwing your money out the window. when you buy a house you are putting money into an investment.
The only way this would be a bad investment would be if the place you bought the house falls into decay, like what happened to a lot of people in the Detroit area.
2007-09-19 04:02:11 · answer #3 · answered by le coq géant 5 · 0⤊ 0⤋
Buy a home then discover that it lost the biggest part of its market price mmmmmm.. and that you cannot sell it anymore mmmmmm
Then to rent a home means a big freedom
2007-09-19 04:04:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Short term, yes. Long term, no. Eventually a house is paid off, where as you would have to pay rent forever to keep living in the house/apartment.
2007-09-19 04:01:37 · answer #5 · answered by lafemelle 4 · 0⤊ 0⤋
no-it's better to buy a home because you have no equity if you rent and sometimes the mortage payment is less than rent you pay each month...plus the house you buy is your's to fix how ever you want......
2007-09-19 04:03:46 · answer #6 · answered by KAREBEAR 6 · 0⤊ 0⤋
It depends on the home, your intended use for it, your income and the markets in your area.
However owning a home is always going to build you equity, which is somthing that renting never does.
2007-09-19 04:01:33 · answer #7 · answered by cbj7984 2 · 1⤊ 0⤋
No, buying is better. With renting you have nothing to show after shelling out money month after month.
2007-09-19 04:02:04 · answer #8 · answered by Bog woppit. 7 · 0⤊ 0⤋
No, why would you want to waste all your money on something that you will never own. You will never see that money again. A mortgage goes towards owning your home some day free and clear.
2007-09-19 04:07:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
no. i'm renting right now and its a total waste of money. buy a home.
2007-09-19 04:05:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋
It wouldn't be profit it would be less expense to rent.
2007-09-19 04:01:54 · answer #11 · answered by duckgod1330 2 · 0⤊ 0⤋