There are some disadvantages to renting, besides to its many advantages.If everyone has enough money, they will definitely decide to buy a property. Because having your own home allows you to feel safe, comfortable, and secure without having to worry about paying every month.When you buy a house, you will pay it once, but when you rent, you'll pay every month. Even if renting a place appears to be less expensive, there is no guarantee that the rent will remain constant over the years. When you rent, the largest issue you may encounter is that the landlord will set the regulations because it is his property, not yours. While renting you help someone to pay off loan and getting nothing for yourself. However, this is my perspective, and for whatever reason, I believe that owning a home is the best option for the future, especially if you have already started a family.
Yeah, having your own home makes it easy to maintain security and watch over your properties. it also saves you cost cumulatively. If you calculate how much we pay for rent in a year and for 10 years such money can be used to buy a good apartment but the question is would the cost of buying a new apartment now and 10 years be the same? The answer is no, of course, the cost of getting an apartment a decade from now would be greater than what it costs today and I am saying, the best option now is to venture into a business that can give you money to buy an apartment and as well sustain us. This means renting an apartment should be what we should focus on so that we can accumulate enough investment and savings to grow financially.
I agree that "rent is dead money" to some extent. But renting isn't merely a waste of money. Freedom, guy. It's being able to move when opportunity knocks to pursue a job or life change without a mortgage. That's not always possible for homeowners. Starting a business? Man, that's ballsy. It's risky but might pay off big. Would you bet everything on it? Because if it fails, you could lose more. What about alternative investment options? Diversify, friend. No one basket should hold all your eggs
You can do both, though. Fearing rising rents is reasonable, so why not lock in today's low mortgage rates with a fixed-rate loan? Your property may appreciate as you beat inflation. A house with possibilities. With a large emergency fund and liquid assets, you're on offense. Imagine that your home is your castle or fortress. You need knights, archers, and siege weapons to win the game. Your emergency fund and liquids. They provide adaptability, maneuverability, and opportunity seizing