Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »
Shaun · 26-30, M
Always better to buy/mortgage because you’re paying into something that will be your asset when complete.

Rent is just putting all your money into someone else’s pocket.

indyjoe · 56-60, M
I hated renting...if I could have afforded it, I would have gladly bought a house.
nedkelly · 61-69, M
Very good question, no right or wrong answer
SubstantialKick · 31-35, M
@nedkelly There are some inportant factors, biggest one probably being finances.
SW-User
Better to buy if you can afford it
xixgun · M
As a single person, buying a home not only will improve your credit standing; but if you should have (or want) to move across country for a job, you can always use it as rental property.

Also, most mortgages will make you look at rents in an area and chuckle.
SubstantialKick · 31-35, M
@xixgun True. Rent can be pretty outrageous.
MissTaken · 36-40, F
In the long term buying is best but is not always financially possible
SubstantialKick · 31-35, M
@MissTaken True.
calicuz · 51-55, M
It is always better to buy a home than rent, if you can afford a mortgage
That depends on your situation. Generally it's never a bad time to start creating positive equity but that takes a lot of planning and knowledge. It also takes a lot of work at the beginning and end to buy and sell.
The sooner you can buy the better houses aren't getting cheaper. If your single rent a room out to help with payments until you are married.
Infoman · 36-40, M
Doesn't it depend on how long you're going to be there?
ABCDEF7 · M
Depends on your source of incom, experiences and future planning
WineandCoffee · 51-55, F
Rent is better.
This comment is hidden. Show Comment
This comment is hidden. Show Comment
SubstantialKick · 31-35, M
@SW-User Nice...

 
Post Comment