Re: Buying Vs Renting a Home- Which is the right move?

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.

Basically property tax is nothing if you compare it to the rent, and when you are renting you should compare the rent price to loan you would have to pay. In a world where you need to pay 1100 dollars per month for mortgage, and about 100 per month on tax, that means 1.2k, if you are paying 2k on rent right now, that means that getting the home is a lot better and would make more sense.

However, once again, that all depends on if you can't use the money on something else that would make you even more money, if you could make even more money then I would say use it for something else and get rich, however if this is the best way to use your money then I would say it still makes sense because you are saving and still have an asset to show.

Having your own house is like a long term investment because as the time goes by, the value of a land appreciates just like in gold, so if you're having enough fund to use for downpayment of the land then go, you can have a housing loan with small interest and offers small monthly ammortization, in that way, you will exert an effort to work hard or to find additional income so that you will be having a money for your monthly bills and your money goes to your own property.

Not necessarily. The price of house and land appreciates when there's an increasing demand. When the demand starts to decrease, the price would keep getting lower. The increase in demand till date has been due to the rapidly increasing population. As we move towards platue and eventual downfall, the price of land and house would start to decrease.
It can already be seen on countries that have a decreasing population. There recently have been a real estate crash in China. The price of land and house in Korea and japan are mostly on decrease with exception to a few cities. The same can be seen on most European nations. The price in large cities still holds while on smaller towns, they have started to decrease.