Should I rent or should I buy house and lot?

[MAGNETIC.LEVITATION]

---

This is how banks/lenders compute your capacity to pay.
It is presumed that 30% of your monthly income or salary is the "excess" money you'll have.

To have a closer-to-reality computation, list down all your monthly expenses (personal basic needs, education, future baby, "wants", emergency fund and other financial obligations and deduct the result to your combined (husband and wife) income. You'll have an idea of how much monthly amortization are you capable of paying in case of availing a housing loan.

Unsa kaha nga banks ang dali makaavail ug loan sis?

[cebu.opportunities]

Unsa kaha nga banks ang dali makaavail ug loan sis?

for housing loan, please refer nlng ani nga thread
https://www.istorya.net/forums/busine...sing-loan.html

though, di siya complete... at least naa gamay inputs. if maka-inquire mo sa lain banks or naa mo'y nabal-an updates, please feel free to post there lang. at least, makatabang sa mga mukuha og housing loan.

[jonetleah]

rent to own nalang ...... kay if ever mo migrate mo aws ibaligya nalang na ninyo ang inyong investment and beside house and lot na... madugta ang house pero dili ang lot...... mas maau jud ang rent to own keysa mag rent lang jud ka ang common escalation sa rentin per year is around 3 to 7% per annum..... sa rent to own fix na.

[MAGNETIC.LEVITATION]

rent to own nalang ...... kay if ever mo migrate mo aws ibaligya nalang na ninyo ang inyong investment and beside house and lot na... madugta ang house pero dili ang lot...... mas maau jud ang rent to own keysa mag rent lang jud ka ang common escalation sa rentin per year is around 3 to 7% per annum..... sa rent to own fix na.

Naa kay pa rent to won diha sis?

[jabez_rmc]

Good day istoryans.

This is more on the economic side so I guess this topic is qualified here and I'm thinking people in this section are more mature and fit to give advices in the matter at hand.

Here goes:
We are expecting a baby soon with my GF, and still I can't reach on a decision whether or not I should be buying or renting a house or boarding house whichever is more practical.

Currently, finances are on the low level because we are both working and going to school(proceed) at the same time. Nagduha2x rako ug mokuha or palit bana through financing or mag-rent lang because first I really don't want to stay or grow old in the city (we are both working in the city).
Next, talks between me and my girl leads us to contemplating for immigration or working abroad in the future (kaso kani nga future is kind of hanap pa gamay).

I'm kind of half-hearted on the buying because with everything going on, I sure our finances will be strained. Notwithstanding the fact that we are both working.

Would it be more practical to buy and later on sell or have it assumed by another if we finally decided to go abroad or would it be more practical to just rent? Karon medyo mahal mahal naman gud ang rent, almost same ra pud sa nagpalit ka anang sa mga housing projects.

I would just like to know from the more practical standpoint on you guys here.

Thanks daan ninyo.

Hi TS!

Currently, owning a house thru pag-ibig is very ideal! low interest rates makes it affordable monthly amortization.

However with your current situation where your finances still is tight, go for rent muna coz this allows you flexibility which is very important in your situation. Being tied up on a housing loan under tight finance conditions makes it difficult to recover. I would say better allocate your loan options for a business rather than a house.

Just my two cents bro..

Godbless

[carbrill]

investment wise buy a house and lot. but practicality sake mahal kung imo idungan ang pagpalit then tukod then naa pa jud kay new baby. you can invest other things aside sa pag buy ug house and lot. like invest it in the bank then time deposit etc.

[cebu.opportunities]

^ in relation to @carbrill's post,

savings, time deposit, bills, bonds and securities are applicable for "capital" preservation rather than appreciation. most of which cannot even defeat inflation.

if you want capital growth, invest into other investment vehicles but also bear in mind that those that have higher potential return is also associated with higher risks so you may either gain or lose sad.

to start with, try investing using a little of your fund that you are carefree of losing.

[Eve's Apple Project]

Between the two TS, i'd say much better if mo rent nalng jud mo. daghan man kaabangan diha.cguroha lang sad ang panganak sa imong GF. Once naa na guy bata, mausab nasad na inyo plans for the future.Possibly nga mas maklaro na ninyo inyong plans ana. Yaw pagdali... Renting is suitable for you & your GF. Goodluck

[jaoey]

hey guys, i just learned na naa daw expiry date ang pagpuyo sa mga condominium. bale, if the building has an expiry date of 50 years, dili na nimo maipamana sa imong mga anak puhon. lol. maypa yuta nalang ug kaugalingong balay palita

[jonetleah]

ang condo is basically for your convinience during your stay na within the vicinity of your working / business place....

now in terms of business you can let other people rent at a 50% higher than your amortization....

yeah its true if the buildings life span is 50 years basically you can no longer stay becoz it is risky.....