RENTING VS BUYING (what's better?)

[@marktilbury]

Use the promo code TILBURY to get a free share worth up to £100 on the Trading212 App or visit www.trading212.com/join/TILBURY (terms & conditions apply)

[@CarTastic-fv6eo]

Depends where you live ... IN big city rent can eat up to 60% of your salary in my place ... Is actually cheaper to own a home or apartament there ...

[@KoneKlubKult]

Lol I see , that old scam, sell a get rich book, open the book and it says, "sell a get rich book".

[@Logan-ms4tq]

wouldn't a real smart play be rent a place, but own other buildings you can rent to others

[@Skibidi-channel76]

Mom buy a house we're gonna live here forever

[@Dan-ft4pu]

My landlord doesn't worry about maintenance either.

[@PauloAdriano-zo2ng]

Good for him/her/them?/they? 🤔👍🏼🤪

[@dragonvalcano5857]

​@@PauloAdriano-zo2ngis this a parody?

[@PauloAdriano-zo2ng]

@@dragonvalcano5857 No, it's reality for most tenants. 😉

[@zotoda]

loool

[@handsomeyoungadult]

@@PauloAdriano-zo2ngpossibly it/xey/xhem/chem/bio/physics

[@caseybills5517]

Purchasing a home is already a very difficult thing to do, unless you pay cash or don’t get a loan from the government. If only my minimum monthly house payment, over the course of 30 years I’ll pay more than double what my home is worth. I purchased before things got crazy so I got a good interest rate. I couldn’t imagine trying to rent or buy right now.

[@StacieBMui]

I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.

[@cowell621]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@StocksWolf752]

Mind if I ask you to recommend this particular coach you using their service?

[@cowell621]

Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.

[@lolitashaniel2342]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@fastdrumming]

Mortgage deposit? 90% of people don't even have savings. Living paycheck to paycheck and being forced to rent at ridiculous prices. While nepotism rules the gatekeeping of high paying jobs.

[@DemosthenesKar]

Those that are following his account probably save much more

[@nova.3192]

I mean, the people who check up fkin finance videos on KZbin, most probably do

[@delgande]

I used to have a savings account and bank account until COVID took my job and I was unemployed for 7 months. No I didn't get unemployment because I was dumb

[@AlanVickers1992]

Yea rentings stupidly expensive, don't have any savings haha

[@sirderik]

​@@DemosthenesKaryou can see this one because he clicked in "share with people not subscribed" il assure you he don't know remotely how it is to not be off money.

[@Conzor563]

This was great advice 25 years ago when rent prices were significantly cheaper than mortgage payments. Not the case now

[@user-nh6oq8ut2t]

You have it at quite the opposite, 25 years ago it was cheaper to own than rent. Today it’s actually cheaper to rent than own.

[@jason_a_smith_gb]

I agree. Want to be on the ladder asap as after 40 becomes harder. Plus, not in control of your life, someone else is.

[@llamaxrider]

Bro rent for a place where I’m at in the us is 1600 and to buy it the mortgage would be like 4k 😂😂😂😂

[@fj6948]

This channel gives the worst advice

[@captainheat2314]

​@@llamaxriderwell yea you rent forever but mortage is only 30 years at most

[@Spotofgardening]

Said like a true landlord 😂😂

[@shopkeep9710]

I swear rich people do not live in the same world as us regular folk.

[@Pivas1]

Obviously they dont, they understand the market and know how and when to invest. They acquire high income skills and learn constantly. The regular folk is working a crap job for most of their lives.

[@Johab-z2u]

But I don't think most of them know quite how hard it is to get rich in today's market

[@isekaibarnskye2125]

​@@Johab-z2uit's really not that hard if you understand finance

[@Adamrc98]

⁠@@Pivas1”high income skills” lmao I do appreciate this wording as it is distinctly different than being socially productive. In fairness, mafia bosses do also have a lot of high income skills I don’t and do not care to have as well.

[@HisDudeness1986]

It’s not just rich folk. Some regular joes, like myself, don’t live inside your bubble, anymore

[@hbsb010]

This is a good advice 30 years ago. Now a house is 375k and the medium income is 2k a month for the 10% down you need to save about 5 to7 years. And then you are stuck for 30 to 45 year

[@_-MiamiVice-_]

Except you don't need a 375k house as your first property.

[@universalplayz7496]

​@_-MiamiVice-_ that's literally the base minimum for a house in the U.S (This is averaging every state, of course certain states are alot cheaper)

[@_-MiamiVice-_]

@@universalplayz7496 What i meant is, people should live by their means and start out with a smaller flat if that's what they can afford initially. Doesn't have to be a 375k house. Myself i'm european so talking for europe.

[@dragoshthebest]

Yep. Wait 10-15 years till you won't even have money for a down payment. Prices doubled or tripled since 2010-2012. If the trend goes, in a few years most people won't be even able to buy a house.

[@J..820]

@@_-MiamiVice-_i live in UK and unless i want to move to the complete other side of the country where prices are cheaper (but theres no work) id be lucky to find a house for less than £250k

[@AJohnson0325]

Charlie Munger said he doesn’t care if single people ever get a house. The right time to buy one is when your wife wants one. Warren Buffett also said he didn’t buy a house until the downpayment was 10% of his investments. Having an expensive house just causes more expenses as it goes up in value. If you never sell then you never realize the gain in equity. The only thing you see is higher expenses, bills, taxes, etc. I would recommend to get your investments going first so you’re not house poor. Either way can make sense depending on your situation but the average house would cost several times per month what my rent is. Also if I put all my money into a down payment then I’m delaying saving for retirement which could cause big problems later. This is part of why people have to do a reverse mortgage on their home because all their net worth is in their house. So I’m getting my investments up then they’ll be compounding while I pay off a house later in life.

[@JOIHIINI]

Investing in rentals is kind of best of both worlds though. I lapped a lot of my friends investing in real estate throughout the years and the primary driver of that is leverage. You can't take 40k and go to the bank and ask to borrow 160k more to invest in stocks whereas you can with a mortgage, so the money you invest in real estate you're getting 5x the return in your actual money that you put in the investment. Let's say I bought 40k worth of stocks and next year it was worth 60k. That would be a phenomenal year, 50% gain. Replicating that year after year would be incredibly difficult, whereas taking 40k, using it as a down-payment on a 200k house and that house being worth 220k the next year it's the exact same return on your capital. That's the key behind it. Plus if you cash flow way over the expenses you're not only getting the appreciation value but you're adding the rent roll to the yearly return. I owned 5 of them by the time I was 26, sold them all and bought my personal home with cash and had a couple hundred thousand left over. This is what ppl don't understand about it.

[@simoiyahector-morales3781]

Excellent advice

[@santaev]

@@JOIHIINI Excellent advice

[@mysterybuyer3738]

I am a renter and have to worry about maintance lol.

[@TheMazinoz]

I'm an owner outright of an apartment and about to take legal action to get sewage and grey water repairs done by the Body Corporate Committee. There are ample funds in sinking fund for this. Been negotiating for five weeks now.

[@alansach8437]

True. Every place I ever rented I was expected to do my own maintenance, mow my own lawn etc. The only exception was something major, like roof replacement!

[@halfbakedproductions7887]

The big problem is that landlords often _don't_ worry about the maintenance... Mine once pled poverty about getting me a new washing machine. Turns up in an Audi A6 dressed head to toe in Wrangler and wearing Emporio Armani glasses. "Can't afford" my hole.

[@steveh5307]

Why? I'm a renter and they fix everything like they're supposed to. Email and it's scheduled and done within 2 weeks.

[@steveh5307]

​@@alansach8437mow your own lawn sure but why are you doing any maintenance beyond replacing light bulbs? I'm in the US. Is this a thing in the UK?

[@JS-jh4cy]

Hate renting out an room, no privacy in your own house

[@alansach8437]

​@@Den22455Not that one! Home=castle. If you want to rent out space, buy something with a separate apartment, or mother in law quarters that have a separate entrance.

[@Denstar2002]

This is a huge issue! I hate it😢Lowers quality of life drastically

[@trainman665]

@@Den22455You won’t get rich renting out a room 😂

[@Den22455]

@@trainman665 you have to start from somewhere. This way you can safe faster for the down payment of your next duplex!

[@jaredfrazier2216]

​@@trainman665how naive you are

[@YaNeK92]

**Pro Tip** Buy a house, rent out every room and sleep in a tent outside 😆👌🏽

[@shaunukhiking]

when you rent out the tent and sleep in a hole your investments really take off.

[@YaNeK92]

@@shaunukhiking well actually, if you fill the backyard with tents and Airbnb them out, that's when the operation really starts minting gold bars 😂

[@Sam-gf1eb]

Rent the backyard to people who are really poor. They can set up a tent for $50 a month.

[@YaNeK92]

@@Sam-gf1eb You missed my comment above bro ^

[@christianruiz8802]

Then you make more holes then start renting the holes

[@UIM_Moose]

Invest what savings? Rent is at least 30% more expensive than a mortgage if you're going by monthly costs... my rent was £1200, my mortgage is £780... and it's the exact same house.

[@SabeTheApple]

The savings you made by not putting down a 20% deposit on a £300k home and all the solicitors fees and conveyancing costs etc. You didn't buy your home with 0% deposit or legal fees did you?

[@SabeTheApple]

If you rent, there's only a down payment and minimal other costs. Yes it's more expensive per month but you have a huge lump sum saved.

[@UIM_Moose]

@SabeTheApple people who rent will really struggle to save for the deposit on a mortgage, I borrowed almost all of my deposit via a big loan and paid the loan back over 2 years, which you're not really meant to do but it's not actually illegal. Not everybody has that option though unfortunately.

[@ErbBetaPatched]

@@SabeTheApple What people fail to realize in this discussion is that when you own a home, you have many more things you need to pay for aside from just the mortgage.

[@Yasharahla7]

What is a mortgage? Can you break down the process how it works please?

[@durftangster6994]

Mission unclear, now live in parents basement.

[@AngelicWitch444]

Even better, no need to pay at all

[@mathgasm8484]

the cheat code in life.

[@santydoesreviews767]

@@AngelicWitch444until they kick you out

[@ilikecarsandtacos]

​@@santydoesreviews767unless you're asian

[@Picca65]

Invest

[@Paul48g]

Bro ngl this guy is a marketing genius like ofc he's rich look at him even though he's an older man from a different time period he makes good quality modern content he's amazing at his job

[@PowerofRock24]

Different time period? You make him sound like he is from the Mesozoic or Cambrian and walked with the dinosaurs haha

[@karvast5726]

Rent is just legal robbery a lot of times,plenty of landlords just don’t care about their tenants,if you can afford buying it’s a better deal

[@brodytapp6969]

Plus buying a house, sometimes have a house payment equivalent to rent

[@jogonyachickennugget4911]

Thing is. Renting is often the same price or more expensive than mortgage

[@ErbBetaPatched]

The monthly payment might be similar, but buying has additional costs like taxes and maintenance and the initial deposit and insurance.

[@obi-wantpastrami8745]

When you pay rent, you're paying for all of those things. ​@ErbBetaPatched

[@f1rebreather123]

​@@obi-wantpastrami8745you are usually not paying for maintenance, and some even provide utilities. But other than that, it is true.

[@Justaguy986]

Exactly right. Most people especially in London pay more than a mortgage payment. So as soon as he said invest the savings all credit was lost.

[@HaggisMuncher-y2u]

“Invest the savings” This guy. 😂

[@stuartd9741]

I know, I bet mark has 300,000 in lost change inside his sofa....

[@alansach8437]

He's talking about investing the downpayment.

[@chrisere9]

Almost everyone who rents can’t afford to save any money, can tell this guy lived in a different era

[@kathleenstoner.n7499]

What do you think about going into Real Estates atm for not so long term money gains? IIs it a good choice or am I better off with stocks?

[@marguritetheodore2194]

Not sure this is the best place to ask this, but it has got to be Stocks... Of course, you have to be well informed on the right ones or better still, get an F.A to handle it for you (that way, you minimise risks). Made my first million few days back from the Nvidia rise without having to do much unlike with Real Estates where you can wake up to a call by 2am to complain about a leaking pipe.

[@broandking]

why not both? diversify!

[@MandyLuke]

I think I need this. Hoe can I access someone good

[@hildredscali1754]

i have considered this before but I don't know how to go about it. please, what are the steps for getting one? like a really good one.

[@marguritetheodore2194]

You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.

[@jersongrieco]

Owning a house is a safe advice if you consider your elder age. At least you have a place to live without worries of not having a place to live.

[@Max_Janszen]

Theres no savings to be had renting, anymore. You're just paying the landlords new mortgage

[@SnackZatPC]

I bought mine, mom helped me pay half so i dont have any loans. i feel like this was the best investment.

[@goodgat266]

Ofc it is when you get half for frew 😂

[@SnackZatPC]

@@goodgat266 Im paying it bsck but only when i can

[@Missindependentindustries]

​@@robjonson629 someone sounds jealous she has a good mom

[@SnackZatPC]

@@robjonson629 How is that pathetic? My mom own a cleaning company and can afford to help me pay for an apartment so i dont need to go for a loan with almost 5% interest. Do explain how this is pathetic.

[@SnackZatPC]

@@robjonson629 Pathetic that my mom owns a cleaning company and has enough money to help me buiy my first apartment? do explain how this is both patethic and embarrasing.

[@AlexMurr]

I bought a townhouse in late 2018. The idea was to save up for 3 or so years and buy a single family home. Many people of my parents generation said don’t buy a home unless your gonna be there 5-7 years minimum. Glad I didn’t listen because 3 years later in 2021 and my townhome was worth almost 100k more than I bought it for. Without that extra 100k, I couldn’t have afforded my current home or even the original townhome at today’s market value. I’m 31, and half my friends of the same age are lucky like me, and the other half are f’d beyond belief by this housing situation. 😔

[@Psychonaut165]

Invest what mortgage deposit, it’s all being spent on rent. The mortgage on my mother’s home after 20 years is about $550 a month for a 3 bedroom. You can’t even get a 1 bedroom for rent for less than $1250

[@BakimCozeci55]

Thanks mark for the advice. I always hear one sided opinion from adults, but I think both has benefits depending on your situation and needs.

[@leonhenry4861]

You can move out when you like, and lose your deposit. And then save up another deposit for another place. Yeah, sound advice😮

[@milivojvodopija4860]

I love this guy, his carefree and easygoing style...

[@brstudio7768]

Not the first boomer who still thinks average cost of property is $300 and pack of cigarettes.

[@obi-wantpastrami8745]

I bought my house with zero down and the mortgage is half of what i was passing for rent. I just put what i was saving in a separate account for a few years to cover any repairs. Replaced the roof, the water lines, fridge, and dishwasher in the past 8 years. It didn't cost anywhere near what it cost to pay rent.

[@404filefound]

Ive been watching your videos, and I saw where you mentioned your van. My uncle is a millionaire, and he drives in his van 90% of the time. He described it as: "You may like wearing a fancy suit/dress to impress other people, but at the end of day, you'll always prefer sweatpants and an oversized shirt."

[@Firespirit233]

Im not rich but I prefer bigger cars like vans, pickup trucks, you can use them for your needs in daily life.

[@jack86]

dont worry about maintenance?? 😂😂 rent or owning, it is important to maintain the place we live in. so, if we leave someday, the house is good as it used to be.

[@katharis90]

This short brought to you by a Landlord who benefits from you renting.

[@christopherdark4671]

A general rule of humanity. If they have incentive to lie to you, they will.

[@SoulSpark-g9p]

Most rentals are now expensive than a mortgage payment these days. Hard to save renting.

[@ProCoder119x]

Hi mark! I live in a rent house , its been 15 years now. 300$ a month.

[@sg.o7139]

Strange ! Somebody else wrote exactly the same as you.

[@wastedviking6280]

​@@sg.o7139 sg... Yes, so like ProCoder wrote a comment, then a bot went in and copied the same comment. The one with the ahss as aa profile picture is a bot. This happens all over youtube.

[@ProCoder119x]

​@@sg.o7139who? Well, more on that, actually I'm from India. 25,000INR a MONTH. It's quite expensive considering earning 50,000 INR a month.. (it takes half) And also considering living in heart of well developed city

[@IbrahimKaisyVlogs]

Not easy to rent now every day you'll be worrying about how to save money for monthly rent specially if its a big apartment for family like 10k pesos a month minimum. Plus bills of electricity and water. Since I was a kid our whole life was renting. That's why now Alhamdulillah since working abroad and saved for 6 yrs and now living my own mini house in the Philippines with 2 studio type 3rd floor for rent . That was the advice of my Syrian French that house is like a bank even u have nothing left but make sure u have place to stay

[@gaztambo139]

• Generally mortgage payments stay the same over 25 years (unless there’s huge interest rate hikes. Although they can affect rents too). • Rents increase with inflation, making mortgage repayments relatively cheaper, and easier to pay, as time goes by. (£300, as a financial burden in 1999 is roughly the equivalent of £166 in 2024). •After 25 years, you own an asset that has probably increased in value • After 25 years, you stop paying ! You can start saving that money for the future instead. You may think “but 25 years is a long time”. Well I guess you’re planning to live somewhere over those 25 years, so you’ll have to pay someone to live somewhere anyway. It may as well be to buy your own property. And believe me 25 years flies by. I celebrated milestones, 5 years = 1/5th, 6.25 years = 1/4 etc…. but my advice - DON’T ! It’s like wishing your life away. It will happen soon enough. If the 25 years seems to take forever, that’s a good thing ! Whereas with rent, you will continue paying higher and higher costs after 25 years, for the rest of your life, and will somehow have to factor that into your pension.

[@ArchangelsBookClub]

Hey Mark; this is one thing that people almost never talk about. In many places, the mortgage is lower than the rent.

[@viehver12]

That is a very good answer nothing is 100% good or bad it depends

[@TenantUnpleasant]

In 2019 i bought my house for a $950 per month mortgage and moved out of my $900.00 per month apartment. Similar apartments in the same village are now going for an average of $2,000.00 per month or more and i still have a $950.00 mortgage. Inflation is a risk factor in renting. Landlords have been raising prices like crazy since the covid shutdowns.

[@soluciones11s.a.s81]

How many people knows how much time are they going to live there?

[@jaberdrouin3360]

Many know it depends on lifestyle

[@soluciones11s.a.s81]

@@jaberdrouin3360 I was thinking…maybe if you have a job or a contract for some specific time. But I don’t imagine some one buying a house knowing they are going to be their for a short period of time. But as you said, the lifestyle might make the difference.

[@oliverplant]

You can never know exactly how long you are gonna live anywhere. Typically though if your married with Kids people don’t want to move homes. It depends on your living conditions.

[@Duke_of_Prunes]

​@@oliverplantExactly. Being married and having children is a bif influence. I bought my first house 22 years ago, and won't sell until my daughter is through university.

[@zoulsgaming9455]

​@@soluciones11s.a.s81As someone who lives in Denmark, if you position yourself outside the major cities you need a car to transport and at that point you have a pretty decent idea if you are within reach of other job opportunisties if need be. Where as I'm on my first job and know I'm unlikely to stay there forever so I rented an apartment such that I can move to another city if need be

[@HailKaidra]

Cant move whenever you want when every landlord insists on a 12 month tenancy

[@kio2811]

Live with parents 💀

[@neutron2281]

Yeah, amazing how american culture decided to shame everyone choosing this option, when in reality you get to spend more time with family, and save up an incredible amount of money.

[@Earlybeggar]

​@@neutron2281Like seriously tell me about it

[@KevinMeehanWhistle]

​@@neutron2281 yes

[@bingeMAFIA]

Don't waste your opportunity to invest your money, help your parents with bills, and treat them well. 👌🏼

[@boxingmindp4p1]

​@neutron2281 u just got to ignore people fr

[@chadwick0706]

Amen. Buying a house for the sole purpose of living in it is a liability. Rent you have freedom. Who doesn’t want to be free !!

[@AdnicajChiquis]

He's a landlord. Of course he promoted renting.

[@Todbrecher]

But actually he didn't. He gave pros and cons of both possibilities, and I agree with him.

[@mutahir2002]

Lol what? He gave positives and negatives of both so you can make an informed decision 😂. Classic “rich = bad” take

[@anthonyfaucy2761]

​@@mutahir2002That doesn't mean much. He wants to trick the fools like you into thinking his unbiased but his goal is to push you into renting

[@mutahir2002]

@@anthonyfaucy2761 huh??? How when he gave advantages to both???

[@anthonyfaucy2761]

@@mutahir2002 Did you not read my comment? People who agendas pretend to be unbiased to seem trustworthy

[@markbright662]

If you’re in the UK. It is ALWAYS better to buy than rent and ALWAYS better to buy than play with stocks.

[@jgprice9990]

Move out anytime you like? HAHAAHAHAHAHAAHAHAHHAHAHAHAHAHAHAH *Inhales* HAHAHAAHAHAHAHAHAHAHAHAH No. If it’s through an agency and you sign a tenancy agreement then you in contract for the term stipulated. If its an AST its between 6-12months. If you want to break out of that contract early then you risk losing your standard deposit not to mention if you go with a deposit replacement product which lets face it is the biggest scam on earth.

[@alansach8437]

Yeah, a lot of places make you sign a lease, most in fact.

[@dog_chasing_cars7576]

then erm, dont move out. or take the hit on a single month. compared to selling a house which can take years..

[@anthonyfaucy2761]

​@dog_chasing_cars7576 Are you having a laugh? We have a global housing shortage so most people would get an offer the same day in many places and depending how quick the solicitor is its possible to move out within 3 months. You're chatting absolute shite

[@dog_chasing_cars7576]

@@anthonyfaucy2761 the key word is "CAN"

[@d.gerstmann4930]

This is mostly true. But now rent is 3K a month. So mortgages are cheaper. But since I'm an entrepreneur I don't qualify for housing. Even though ai make 6 figures. So... now I'm wealthy and homeless.

[@RashidHogsden]

I am sure that AMS235U will go 100x just like you said

[@BullyWiiPlaza]

SCAM ⚠️ ⚠️

[@Termileon]

Scam Do not Invest in this shit

[@machinni752]

naahhh

[@mlmielke]

The move out any time you want is only really true if you're month to month. If you're a 6-12 month lease, it isn't.

[@vonder7]

It’s almost always better to buy than rent if you can afford that. No doubt about it.

[@drifty_grifty]

It definitely varies based on a lot of factors

[@cicciuzzu5032]

It all depends on each person's circumstances.

[@zhongxina2614]

In Belgium moving out before 3 years will make you lose a big part of your safety deposit (3 months of rent).

[@PrestonCharli]

Bought AMS235U at 1$, I will keep it until 2025 when it reach 250$

[@rudysmith1552]

For those of you who no this is a bot comment no other comment has 300 plus likes

[@BullyWiiPlaza]

SCAM COIN PROMOTION

[@Jerry4281]

From every millionaire or billionaire out there, I heard that properties are just tangible investments, but never buy unless you have the revenue or multiple income streams cause life happens. Your 9-5 isn't going to pay for a roof etc.

[@drewrussell]

I get the sense that this advice was more applicable in the past when the gap between rent vs mortgage costs were bigger. 🤔 I.E. there was a greater incentive to rent instead of buy. But in Australia, there are LOADS of people paying MORE in rent than they would on a mortgage but the bank won’t lend to them because they haven’t got a 50-100k deposit. ☹️

[@bobhihih]

I'd love to buy! Been trying to for 5-7 years now.

[@Shy_Rain]

See renting isn't about how long you'll stay there, it's more about what you want for your future. If I was to move in 10-20 years I would need to plan accordingly. Maybe that's renting or maybe that's buying something, it really depends on the area you live in. It's not always that simple

[@MagnusMarcellus]

Pro tip. Don’t rent out your house to someone who is planning on staying there for 5-7 years. They will absolutely destroy it and the value will go down significantly. People who usually rent don’t care to keep the house neat and clean because it is not their house so not their problem. It is best to sell em instead of renting.

[@sergantmine]

UK law requires rent as a minimum be the cost of 145% the cost of the mortgage. How can the average renter save more than a homeowner if they’re paying nearly 50% more for the same thing. The best thing you can do is find the cheapest accommodation (including living with family) and save as much as you can to get onto the property ladder in some form.

[@RaphaelFellowes]

“You can invest the savings” - LOL

[@vectoreyes]

When I retire in a few years I will be selling my home, collecting my significant equity, and then likely renting the rest of my life. This way I don't have to worry about maintenance, repairs, etc. in my older age.

[@puzzp]

Always buy where you can. Its half the price of rent per month amd you can still move even less than 5 years in! I do it myself

[@Liam69400]

I have had five houses in my lifetime. I now rent a townhome and absolutely love it. I invest the savings into good strong stocks. I found a reasonably priced townhome, am never late with my rent and when they try to raise my rent (rarely), I negotiate it with them. Since I always pay on time, they want to keep me and are willing to give it to me cheaper than others that they really don't know if they will pay on time.

[@anthonyfaucy2761]

Rent increases every year. There will come a point they'll increase to a level you won't be able to afford. What happens when you lose your job?

[@charlottepeukert9095]

Yes, but once the landlord raises the rent three times in a row and then tells you to get off his property, as he wants family members to move in, you know where you stand. As for saving, what do you want to safe? The rents have gone up dramatically and to make things worse, often renters have to fix the property, as the landlord doesn't care. Another problem is, that families with children, disabeled and old people are not welcome on the renting market. Sometimes, there's no way other than buying a house or condo, if you need a roof over your head. Another point is that there might not be too many options for renting, simply not enough houses or flats for rent.

[@bam2xl14]

Plot twist here in Dallas the rent cost just as much as the mortgage payment

[@lanceuppercut8616]

To rent where I’m at costs over $500 per month more than my mortgage payment I got in 2020. My down payment would be consumed in 15 months. As of right now, the house value is up $80k.

[@amistadkanlungan4549]

Actually in these modern times buying a property is not just difficult but also impossible without a loan, her comes the aid of family dynamics, if you could get your parents or other family member to help you get the downpayment for a property it would be great start because of the lack of interest and cut in half the monthly payment, provided you earned enough otherwise they can mortgage their property and let you buy a property then mortgage your property to pay them back.if still theirs no amount of money available provided you have good family then live in an extended family setting, it is cheaper for at least 2-3 families to share expenses and allows one to save enough.

[@mpc007]

Depends on the country. In Netherlands renting a house costs a lot more than buying it so there won't be any 'invest the mortgage deposit'

[@mconst7693]

My entire childhood and now i think, my parents bought a house in France ( they lived there for like 15 years before i was born i believe, i also lived there for three years before we moved. ) Anyway, ever since THEY have been renting it to out to people. But yes it's true, you don't really have to worry about maintenance ( except small problems. )

[@pimply_circle]

In theory he's completely correct but life isn't all fact you could have a horrible land lord or your property could decrease in value due to crime rates in your local area or bad up keep also with renting you can always be evicted

[@Stevesmusic444]

Back in the day, you could rent a house while working at an entry-level position while raising a family and saving money towards buying a house fast-forward today that’s not a thing anymore. All your income goes towards rent and you have no savings towards a house.

[@marche434]

Where i live buying is only accessible to middle class if you go to the countryside, in the city you have to be rich or rent, and rent is already half the salary of the average person, rough times we live in

[@Bitachon]

Well said... I'd you plan on staying somewhere 7 years or more it's usually worth buying...if you're able to...

[@harrymitchell7510]

an interesting one. I think years ago it was beneficial to rent as it was substantially lower than mortgages. Nowadays the rent markets like 580 a month minimum for not a lot of money. Landlords are terrible who dont care about the tenants either which is a chore to find a good place to rent from. Personally i am saving up to get a mortgage then when i move out i am hopeful that it all improves :)

[@makiisbro1129]

If your lucky enough to get a good landlord who will actually fix the things that need to be fixed😂😂😂

[@christopherdark4671]

I'd sooner believe in Bigfoot and Santa Claus than a modern landlord who isn't a lazy scumbag.

[@the_deino2324]

The value of the house can go up I mean my house (I live in israel) when my parents bought it, the value was 1.3 million shekels (346,455 us dollars) and now it's value is around 4.5 million shekels (1,199,269 us dollars) after 10 years and it keeps getting higher and higher so that's like a little piggy bank yk. If you already have good income and If you can afford the house you should prob buy it cause it's value will go higher and higher BUT it depends on where you live. Don't waste your money on fancy cars that their value is going down. Invest your money like a smart person to make double income or even a triple income. Btw I'm 16 so if I said something wrong or got something wrong then yup... You can understand ig after all, I'm only a teen

[@atggaming2372]

Yea A LOT OF BENEFITS LIKE OWNER DECIDING YOUR ADDRESS. CAN LITERALLY KICK YOU AND YOU GOTTA CHANGE THE ADDRESS IN SEVERAL DOCUMENTS

[@keithchegwin1222]

Rent is as expensive as paying off a mortgage, so if you can buy, I suggest you do. My house has doubled in value in 11 years

[@Lumosnight]

Or do like the Dutch do in Netherlands: buy a house and take out a mortgage, live a few years in it, then sell it. Each they get a bit more money and nothing is wasted on rent.

[@landersson5672]

I would choose renting because I can invest and have side hustles. If I were to buy a house, I would have to invest all of my money into the house. It takes years for the house to be fully mine.

[@OO-Olivia-O]

I would argue that buying with a mortgage is better in my country as rent is the same price if not more expensive and saving or investing would be better. Spend time and money on our house so it's perfect for a long term stay. You can use your savings to make it perfect and it can become your forever home

[@dasati3168]

Renting in some places would be twice the cost of a monthly mortgage payment and the houses are usually shit holes

[@olliemunchies]

Rented a flat, couldn't afford to buy a house on my own. Lived there for 11 years, nearly 90,000 grand down the drain. For absolutely nothing to show for it. Other than lining some dudes back pocket

[@Fake_secularism]

Rent go up every year, and EMI stay same and you can even get a second mortgage on current value in times of crunch.

[@nicandrocarminedisilvio6904]

Thanks for opening my mind, now I have many projects in my life and I stopped throwing money away every time

[@ikazukison2]

if you can get a mortgage, just buy and do your best to AirBnB out the crib every week in order to make hella cash money if you can't find AirBnB tenants, just stop paying your mortgage

[@dustingoldsworthy7303]

I agree but add in the AUS market house prices go up about 10% to 20% per year. So at 1.3 million that's price growth of 130,000k to 260000k per year and the average aussy makes 60k per year after tax!

[@DemosthenesKar]

Yeah but what are the interest rates on a loan? Also, how is the global stockmarket doing? Are there going to be politicians that will try to lower the price of housing to make it easier for the birth rate to grow or will there continue to be a immigration model with more people coming in than houses being built?

[@Poster7734]

Bought a house 3 years ago, and I'm moving next year. Property value has gone up by almost 50.000 in those 3 years.

[@michaelb.8953]

That's awesome that you're walking away with an extra $50,000 on your appreciating house, but I got news for you all the other houses you're looking at also went up about the same. So where does that get you? Now you have to pay the associated taxes and sellers costs to get that money out of your house, then you're going to have to pay closing costs and taxes and all the other associated costs on the purchase of your next home and start the mortgage amortization process from ground zero. By the time it's all said and done you're net zero. You'll be more money ahead if you can stay put.

[@anthonyfaucy2761]

​@@michaelb.8953I'll never understand why most people move so often. Most people should only buy a home if they see it as a dream house. Sadly people viewing homes like an investment has caused prices to skyrocket. Also anyone cheering won't be when their children and children's children aren't able to buy a house

[@SpaceHobo42]

You cant move out when you want, its been over 10 years since any remodels or repairs, no you cant save up when one room a 4 bedroom house costs 1500-2500 depending on location.

[@bbdaman]

My mortgage is way cheaper than rent in my market

[@Nswix]

But after you add in maintenance? Mortgage is always cheaper until you need a new roof, property taxes, new furnace or refrigerator.

[@Firespirit233]

A lot of countries don’t have property tax or the tax is very low

[@captainheat2314]

​@@Nswixwith rent you also pay those exact things as no landlord is gonna pay for a heater out of his own pocket

[@drifty_grifty]

​@@captainheat2314 most landlords are responsible for the boilers in their properties, obviously varying by country and contract

[@epicchocolate1866]

@@Firespirit233 not sure of any place on Earth without property tax

[@Tylenol888]

I rent, i invest my savings to banks GIC's and some mutual funds. Instead bank is earning from me i earn from them. My rent is only 500 dollars. Since its only 1 bedroom then i earn around 3k after deductions. No problem at all, i can sleep and eat well, and travel. No mortgage to think of, i dont even have a car, my work is only walking distance i plan it that way. I am more free. And i get joy whenever my money grows at the bank or in my investments. I will buy a house someday, in cash. I just need to grow my money more.

[@kryptonitiko]

Here in Italy I guess you have to buy house. The problem is that when you retire, the "wage" is sensitively lower than your ordinary wage and the rent will be too high to afford.

[@Zerospacedude]

Shit rent is as expensive as mortgages nowadays

[@gipszjakab7437]

I never heard about any renters being an investor. Usually they struggle with managing their money, therefore they don’t have good credit and don’t have money for downpayment to buy a house.

[@anthonyfaucy2761]

Thats cos they blow the money on crap like designer clothes and expensive days out shopping

[@Danijones4571]

60 days notice to leave where I live and there’s a housing crisis. The stress of homelessness is something you have to experience to understand apparently. I never ever would have rented it it weren’t for the ridiculously high prerequisites regarding buying where I live. Don’t even get me started on unsafe living conditions that real estates won’t do anything about.

[@kingbonezai4925]

The biggest difference is that a fixed mortgage is a fixed cost, rent can go up every year.

[@alisaleh1000]

Whin I was studying in the UK back in 2009 was that prices were around 120k pounds, outside London I don't know now but am sure it increased 40% and more.

[@anthonyfaucy2761]

Anyone who says renting is better is trying to scam you. Renting is forever while owning a house once paid off means no more mortgage payments

[@DavidVillaTorre]

You forgot about the most important part about renting. It isn't unaffordable for most people unlike a house

[@cheeseballs3825]

When I bought my house. Rent for a one bedroom duplex was $500. My house payment for a 3 bedroom was $300. 12 years later my house is paid off. Now all I gotta do is pay taxes and upkeep. Renting is for idiots!

[@Es26208]

My rent is less than your taxes and upkeep

[@cheeseballs3825]

@@Es26208 i highly doubt that! Your landlord has to pay taxes and upkeep, plus they want to make a profit. Unless you're some section 8 loser?

[@thedrunkphilosopher3123]

You can move out anytime? Like hell you can. With the contracts you get these days you have to pay out the rest of your time in the place