Rent or Buy a house

[SioDenz]

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Buy a house and lot....straight less hassle and worries, long term... sayang ang funds if you will rent.

Wala pa cya money pang buy kay magtigum pa cya next 5 years. Only option is rent then save 5 years + invest. And Housing loan.

[colinworkout]

Invest jud pero iapil sa kwentada ang total amount sa imung na Rent for 5 years para makita nimu ang big picture. Kwentaha if pila imung magasto sa rent lan for 5 years - If di baka alkanse.

hmm.. i think lahi man akong mindset when it comes to renting. i don't see rent as throwing away money. if i buy my own house, i think of it as a liability because it will not generate any income... unless i will rent it out or sell it in the future. if i buy a house by paying spot cash, i need to shell out a big amount of savings which leaves me to almost nothing which is quite risky. if i loan money, i will be paying a big chunk of my savings monthly, plus pay the interests which is what i consider as throwing away money. on the other hand, if i continue to rent, it gives me a several advantages like the following..
- i can save and invest the excess money in bonds and stocks which can yield good interests rate if invested properly
- i am liquid since i can convert my investments to cash easily in case of emergency (i cannot sell the house in an instant if i need money for emergency)
- i can easily transfer to another place if the need arises like there is a natural disaster or there is a new work or business opportunity (if i had my own house, then i'm somewhat stuck there)
- i can use the part of the savings to pay for bigger insurance coverage, better education for my kids, enjoy more family vacation, etc

if i bought my own house 5 years ago by loaning, for sure today i would still be paying for the amortization, and my personal savings will probably be the same or increased only a little because a big portion of the monthly earnings will just go to the amortization. but since i just rented, i was able to invest in other things which i think are more important for today and in the future. somehow i feel i was able to achieve more financial freedom by doing this

[vashty]

Mas maayo jud nga mupalit og balay kay sa mag rent. Kay hayahay kaayo ang tag iya sa rental nga place cge lag kaadawat og kwarta lupig pa pensioner ^_^

[genx]

nindot ug blay ug ka afford ka, i consider it as the best investment for your family.

[Bakesiopao]

buying a house would be better, but you consider the price (lots of ways to lower it down or get assistance) location,safety and your freakin neighbors

[colinworkout]

nindot ug blay ug ka afford ka, i consider it as the best investment for your family.

i think it really depends on the person, but i don't see it as an investment. for me, buying a house is a big liability because i have to set aside a big amount of funds to acquire it, and loaning makes it a further liability because it puts me in debt. unless the house will be able to generate an income on its own, i don't consider it as an investment. investing in a farm land and selling its harvest is an investment. maybe i should build my home in a farm