Renting against buying?

out neighbours look down on us as we rent. as i tell them its me who should feel sorry for them with a mortgage. i tell them you have to be silly to want to get on the property ladder in the current market. whats your view

i didn't say we wont buy. its just not a good time to get on the uk property ladder at the minute. but why would they look down on us just becouse we rent

Buying a house is better because:
1. You have your very own property to do what you will on.
2. Eventually you make money off your house because of interest
3. You can have whatever kind of pet you would like
4. Your mortgage can't just spring up like an apartment's rent can.
P.S. You are right about it being a bad time to buy a house though

Anything that makes you feel better about your decision to rent is fine. If I were to try and convince you that buying is best, I would bet that 99% of the older homeowners will tell you that buying a home to raise their family in was the best financial decison they ever made.

There are advantages to each method of putting a roof over your head.

I am going to rent my house out in Medway unfurnished and rent a flat in Tunbridge Wells fully furnished for myself!...So I am doing both!

It is all about quality living. I get to invest in property while living in a nice place.

The same could be said for anyone opting to put their money in the stock market. But historically, the family house comes to represent the largest asset of the average family and USUALLY the housing market isn't near as volitle as other investment markets .

Well if they are not selling they are lucky to have a mortgage as the property market isnt going to stay this way forever! They are the ones who are going to be laughing in their old age - not you.

The Majority of people will say buying is better than renting. Because when you buy a house it becomes an investment. And later you can sell your home for more. Or if you are in money trouble you can refinance your house and use the money you have paid. When you are renting.... You are making somebody else very wealthy. They have bought a home and they rent it out to you. You pay down their mortgage. And they may even own that property. So they are banking all that money that you pay in rent. Why make someone else wealthy! Invest in your own wealth!!!

If you're happy with your decision to be a renter, good on ya.

Renters aren't responsible for upkeep or mortgage on the property. They can leave whenever they want with little inconvenience. They can choose wherever they want to live.

Owners have significant tax advantages. Their monthly payment is usually the same as what they'd pay in rent, and this payment decreases over the years. They can do whatever they want (within municipal codes) to their property. They have financial security, with the commensurate emotional security.

I've rented and I've owned. Renting works at different times in my life (ability to move around, not tied down) and so has owning.

You know the basic math of each situation so I won't bore you with that, but I'll have to say that owning real estate has increased my net worth by many hundreds of thousands of dollars, while renting has only ever saved me hundreds of dollars a month.

Don't be a lemming - while all the talking heads are down on the real estate market right now, the smart and rich people are buying - yes they are. Remember the old axiom - buy low and sell high - well this kind of market comes along about every 15 - 20 years and the savvy are taking full advantage.

Buy now and look down on your neighbors who will have paid 30% more than you for the same property!

yes i agree the market stinks but personally, i'd rather pay towards owning something. and when the market goes up, i can sell and make a killing because i bought when the market was done so i got a ton for my money rather than just walking away when i'm done renting and having nothing to show. i wouldn't look down on someone for renting though because i've rented too and it worked for me at the time.

Actually I think that when the market is down, i.e. the house prices are low, is a very good time to buy. Why wait and rent now and buy when the houses are more expensive?!?? You will make a good investment if you buy now, because the prices will rise again! There is no doubt about that. Think long term, as for any investment.

well it all depends on the market right now prices are good you can get a mortgage payment for equal or lesser than a mortgage payment.. i always say its better to own a home then rent especially with prices this low, you can get a nice home for a GREAT price.. found some really good home buyer tips which helped me a lot.. good luck
http://www.beachcitiesrealestateonline.c...
http://www.beachcitiesrealestateonline.c...