Quote from: shield132 on Today at 08:45:27 AM

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 have a few friends in America and they all told me that when you own a house, you still have to pay a monthly fee for it, so they prefer renting a house unless you are a millionaire. I also have some friends in Europe and they told me the same, it isn't worth buying a house if you are not a millionaire. If we keep in mind that when you buy a house, the house still needs maintenance and repairs often and you have to pay for it out of your pocket, then we can say that renting is a good option. It gives you flexibility which is a big bonus. If you need to move to another city or country, you can easily just rent a new house and don't have to worry about anything. The problem with the rent is that more than half of the time you work only to pay rent and when you own a house, you don't have that burden on your shoulders, owning a house gives you a calm mind.

Usually it is really that pertaining about real propery tax on which this is something that needs to be paid annually which do really sucks but if we do tend to see the amount then it isnt really that much.
This is why i dont really believe much about it to be an excuse for you to avoid on getting a house due to this very reason on which we know that this isnt something that could break your bank or would really be
that a huge amount for you to avoid on getting one. When it comes to amount or comparing and being that practical then we can say that having that renting will really be saving you up for long term in compared when building your own house on which we know that it wont come cheap. I dont know on whats the mindset of some people on why they do make out such consideration on making up such decision
but well we do have our own decisions in life on which we do seem that it would really be giving out that advantage to us on which its a common approach or decision that we do need up.