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RE: [dtube] Why I'm Renting Instead of Buying a House | Renting VS Buying Discussion

in #life • 7 years ago (edited)

I don't agree with the people saying renting is better than actually owning a house.
Rent will eventually cost you as much as purchasing a house would.
If you're renting a house for 1k$ a month, and you can purchase a house for 300k$ for example, it's stupid to rent it.

I know people that could buy a hose with their own money + some loan from the bank, and they preferred to rent a house. one of them spent more money on rent than the cost of purchasing a house in 10 years.

If he did purchase a house and did not rent, he would've house right now. but instead, he has nothing.

I don't understand people that can afford to purchase a house but preferring to rent one instead. It's really stupid.

I didn't watch your video because I can't as of right now. but I wanted to comment my thoughts regarding this.
upvoted for visibility and discussion.

7 years ago in #life by
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     7 years ago  

    I know people who prefer to rent for their mental health. Sometimes owning can be stressful. If something breaks, the repair is coming out of your own wallet. You also worry a lot more about the maintenance of the home when you are owning compared to renting. I personally own and see it as a better finance decision but have dealt with people who prefer not to have the responsibilities and I respect that.