Renting vs Home Ownership

Discussion in 'Water Cooler' started by Joe., Jan 12, 2015.

  1. Joe.

    Joe. Regular Member

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    What are you currently doing? Renting or owning? What are the pro's and con's of each?


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    I wished I owned a home but I dont think I will ever be able to do that unless I marry someone with good credit and a good job. There is many times where I have been thankful that I didnt own the house I lived in as sometimes things can go wrong and can end up costing the owner hundreds to thousands of dollars. Also I prefer living somewhere where they have someone do the landscaping and upkeep of the property. Not to mention not having to pay property taxes.
     
  2. PhoenixDown

    PhoenixDown Regular Member

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    We'll its really two questions.

    1 - Own or Rent?
    2 - House or Co-Op/Condo?

    There are benefits to each.
     
  3. Janet H

    Janet H Administrator Admin Talk Staff

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    There is a very cool calculator here to help project expenses associated with each scenario: http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=0&abt=0002&abg=1

    It's not always best to own. Things like how long you intend to live in one place and interest rates make a big difference in these choices.
     
  4. pixelek

    pixelek Regular Member

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    When I was child I lived with my parents. When I met my future husband, we decided to rent a flat and live there. We've been living there and we were looking for sth to buy. And now we are on our own. I do not regret this decision.
     
  5. Naller

    Naller Regular Member

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    I live in my own home. We live there with my wife, we plan to have children. Our parents helped us buy this house. Now I am doing repairs in the house. I like that I can do any repairs. I have a backyard, my wife this year took up gardening. I want to make a small patio. I want to make wooden benches and a fire pit. It would be impossible in the apartment or would have to agree with the landlord for a very long time if we rented it.
     
  6. Rallos

    Rallos Regular Member

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    It seems to me that there are always pros and cons. If you rent a house or an apartment, it's easier for you to move than if you own a house or apartment and you need to rent or sell them quickly. It seems to me that there are always pros and cons. If you rent a house or an apartment, it's easier for you to move than if you own a house or apartment and you need to rent or sell them quickly. Indeed, if you own a house, then it's easier for you to do redevelopments and repairs. I always dreamed of a cozy backyard where the whole family could get together. I love to receive guests, but so far we have no larger home for this. But I'm now helping my parents arrange the backyard (usually my family and my brother's family are going to the parents' house), so we decided to make the backyard interesting for children. In addition to the sandbox and swings, I want to make a cozy place for a barbecue and lunch outside. I plan to make several wooden benches, small tables, as well as I found on the Internet greatyardmaster , there are overviews of the different fire pit tables. I think that such a table will give the necessary light and heat in the evening. When I have my home, I will definitely make a backyard patio. I enjoy spending time outside in the summer.
     

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