Rent or Buy a house

[colinworkout]

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Let's say you have a family and you have money but not enough to buy a house yet. Maybe after saving for 5 years you can afford to buy a house and lot already. Are you going to just rent a house and use your savings for other things (vacation, investments, let your kids study in a better school, etc), or would you rather loan now (or wait 5 years) to get your own house so you can really call it your home sweet home?

Please share your thoughts on this

[lhorenzoo]

i would rather spend some of the savings for my child's education.there is nothing like a good and secured education for the kids.ngita una ko og low cost na balay for rental and then make some business,even ginagmay para continue ang money na motubo.

[danzteo]

naa may daghang low cost housing kron bai mas maau jud ug naa tay kaugalingon nga balay bisag gamay basta atong kaugalingon...

kay ang imo e renta mao nalay e bayad sa monthly amortization, ma imo pa ang ang balay kay sa mag renta ka.....

[justinblake]

Naa man daghan low cost housing bai... Kanang sa PAG-ibig oh... Okay naman pod na for investment... Rent to own for 25 years of payment pero if naa kay kwarta pwede raman dayon nimo e cash out dili ka mo wait ug 25 years.

Kay sige ka rent ug monthl, let us say...naay 5k monthly, 6k, 7k... Sa low cost housing naa ray 2800 ang monthly same sa akong nakuha pero hinuon single pako. Dili gyod kaayo daku mga 45 squte meters to akong nakuha kay gamay raman ang monthly. Pero okay naman ni kay sa mag rent ta tapos dili pa gyod ma atoa...

If you have money and maka afford sa milyones nga balay...imo nalang to paabangan pod kay madugay bai.... Ang house and lot mo mahal na gyod ug maayo... Mao na karon pagkuha nalang kay sunod sus ambot lang..Mahala na gyod.

[kapakaps]

i would rather spend some of the savings for my child's education.there is nothing like a good and secured education for the kids.ngita una ko og low cost na balay for rental and then make some business,even ginagmay para continue ang money na motubo.

i think education and life insurance first to secure your family. if you still have excess, you can consider buying your own house.

[kit_cebu]

if local employment, you would need a LOT MORE than 5 years to save up to buy that house....even for a DECA....

[snowleopard]

assess first if buying a house is more convenient than renting. also assess your risk profile. how long can you afford to pay amortization without compromising quality living for your family? is your job stable enough? do you foresee any major changes in the workplace in the next 5 years, like is the company expected to grow, or maybe possible downsizing? in your career, is there potential growth with 5 years? can you afford the equity/doanpayment in cash rather than getting a loan?

daghan jud ka dapat consideration kay getting a house thru loan without much financial cushion on your end is a dead investment.

[Kricket]

Dili na uso ang buy n own a house karon kay mu abroad na ang mga tawo.

Spend your money on education, and preparation for world class skills

[teoding]

my straight answer to your question ts. buy a house.

[nakedheartlady]

TS ang imo gi-pay for your monthly rental imo palang i-kuha og house kay daghan naman ways karon nga maka-own ka og house through bank financing or Pag-ibig... labi na if usa pa inyo anak invest nlng samtang kaya pa ky kung managhan na imo kids basin maglisod nka og budget... lahi jud if naa ka own house...