Comments on: Why Rent when you can own a home, real estate

By: watch full movies online

watch full movies online — Wed, 11 Feb 2009 05:43:15 +0000

I think its better to own a house. If there are extra real estate, perhaps rent it out to collect extra money. As those are passive income just line online passive income - google adsense.

By: las vegas windshield

las vegas windshield — Sun, 19 Oct 2008 22:14:40 +0000

Buying my townhouse was probably the best thing Ive done so far. It was actually cheaper then renting because the townhouse we got into was bankowned. Now were building equity, and hopefully sell it in a few years if we get out of this real estate slump.

By: Watch Free Movies Online

Watch Free Movies Online — Wed, 08 Oct 2008 23:06:48 +0000

For Me, Renting gives you the best options of location, it might be cheaper to own a house….but DUH it’s located 100 miles away from your working area,

i once took the grand idea of “why rent when you can own” into consideration, but after traveling 10’s of miles just to get to work, it affected my ability to achieve and excel (it took me 3 hours to traveling time),

last but not least, the best advice that i can give is to work your way up the ladder first, Rent a comfortable place first so that you may increase your earnings, don’t get blured up in your mind of owning a house is good…. your cash flow get’s blocked even if a opportunity of business walks through you won’t have the financial backup to try it,

bottom line is, Slow and Steady Win’s the Race
Cheers Mate

By: James

James — Mon, 06 Oct 2008 14:00:14 +0000

Renting is a valid choice, but I would not make the blanket statement that renting is the solution for a newbie. Over the long term, renting a home is much more expensive than owning a home. If purchased a home today with a 30 year fixed mortgage, did not refinance it, maintained it, and went to sell it 10 years from now, in my opinion there is about a 99% chance that you would be way ahead of where you would be had you rented a similar home.

The blanket statement about newbies is hard to take, as everybody is a newbie until they do something.

By: didi

didi — Mon, 06 Oct 2008 04:18:25 +0000

Rent is solution for newbie.

By: Tom Freeman

Tom Freeman — Fri, 03 Oct 2008 07:57:29 +0000

You raise some good points. I bought my flat 2 years ago having been told that ‘why rent when you can buy’ and now I feel trapped to some extent because I can’t sell it and I want to move. Renting at least gives you the freedom to move at the drop of a hat, so it’s important to decide if you are happy staying somewhere for 5 years as you say, before making the decision to buy.

By: Sara Wiginton

Sara Wiginton — Wed, 01 Oct 2008 14:59:19 +0000

Wonderful blog! This is the perfect time to address this issue. I also agree with Emily, all of these factors need to be addressed when making the decision whether to rent or buy.

By: Emily in Austin

Emily in Austin — Sun, 28 Sep 2008 00:26:02 +0000

I think the downpayment point is extremely important to emphasize. One of the factors in the mortgage crisis was that many people got homes without a downpayment, so I think from now on it is really important to stress that people need to have equity in the home. That can no longer be ignored.