Post
Topic
Board Economics
Re: Is renting an inevitable waste of money?
by
angrybirdy
on 04/06/2024, 02:16:25 UTC

Renting a house on average has been experienced by every human being who has a mediocre economic income, but that doesn't mean that every money we spend every month/year is an act of waste, many people who rent a place to live are forward-thinking for their future.

By renting a house someone can think of working hard to earn their economy, they think it is impossible forever we live in a state of living in a rented place, a lot can be done for €25,000.
Example:
If you spend €25,000 in 6 years, that means you spend €347/month in 72 months=6 years.
If, you are thinking of looking for a credit house with installments of €347/month in 6 years, maybe you should do it, in my opinion, a simple type of house can already be with installments of that size, automatically within 6 years you already have your own home, if you think rent is wasteful.
Renting sometimes is not a waste of money because it helps. For example, when someone have an appointment in a place that's not his or her home land, maybe he's just there for some time like six months or for just a year and this person doesn't know anyone there, what do you think would happen? this person would have no other options than to rent an apartment.
But the major thing there is, it should not be done in an extravagant way. One should just go for the one that is affordable.

Agree, not everyone has a capable to buy their own land or houses and the easiest way to have a comfortable and not that heavy to their pockets is to rent a unit or house, unless they have an expected house or place to live from their parents, but if not? no choice but to rent first and at the same time save up a down payment to buy a house, because it is better to get your own land while it is still early because the value of the land increases every year.