Quote from: Asiska02 on Today at 07:30:53 PM

Quote from: ChiBitCTy on May 15, 2024, 06:45:13 PM

This topic has come up quite a few times over the years on this board. A lot of the discussion around it has mostly been others opinions. I found this neat little graph online (instagram) from the New York Times that compares the two. Now keep in mind one's location will certainly have an effect on which one might make more sense, even in what part of you own country you're in.

I will rather get a home for that price than renting a house and save that amount for a period of ten years. My reasons are very simple and straightforward but others might have a contrary opinion to my reasons but this is based on where I live and the economy situation of my place overtime.

If I can get a house for that price today, I will gladly buy a house than rent because in 10 years time that house will not worth that price again and I would have to pay x10 of what I would have bought now in that 10 years time. In that 10years time, that same house would have also worth x10 of what I’ve bought it or let’s just say x8 since it won’t be a new house at the time. It is very clear that I would benefit more than buying a house rather than renting a house to save money.

Totally depends on where your home is located on, because there would really be those properties that doesnt really appreciate that much in terms of its value overtime but of course if its really that located on something on the city or nearby then you could really be able to assume out that its value will really be that having some appreciation and this is something which you would definitely be preferring into.
Also, i do agree on most points that if i were really that making up some choice then having my own home is really that better, not really just that for the sake of talking about aprreciation of value or
having that kind of savings then its really that totally different if you do live on a house on which you do know that you own it rather than on having that renting kind of condition but well it would be just a matter of preference in the end of the day.