Buy or rent a house? Challenge the ultimate problem
Regardless of the age and region, the reason for people's hard work is inseparable from one word - "Nest". When the pandemic is sweeping and the global economy is in turmoil, it is believed that many people's willingness to buy houses has also wavered. In this challenging period and the prospects are still vague, should people who are still looking for a comfortable place make a desperate move, or should they continue to wait for the best? How do you choose between buying and renting a house?
Why do people say that you have to buy a house as early as possible?
- Rent is paid every month, but in the end there is nothing
The rent may be cheaper than the mortgage, but it is still not your own to support others in disguised real estate. It took several years to think of buying a house. For some people, they may not be able to apply for a mortgage. In the end, they can only rent a house for a lifetime. When you are not able to work, do you still have enough money to pay rent?
- Real estate has value-added potential
Most real estates have the potential for appreciation, so many people will invest in real estates and resell them for profit after a period of time. They can also earn income by renting out the remaining vacant space. Therefore, real estates are relatively stable and have low risk compared with other higher-risk investment products.
- Can create your own comfortable nest
Your own real estate does not need to be constrained by the landlord. As long as it meets the requirements of the industry management and building specifications, the owner can decorate and plan at will to achieve the perfect living room in his mind.
- Give yourself and your family a sense of security
"There is a tile to cover your head" is still a luxury for many people, so if you have the ability to buy a home for yourself and your family, you don’t have to worry about the landlord’s arbitrary increase in rent, and you don’t have to be melancholy of the rising rent when you are old. Replaced sense of security and belonging.
- The government and real estate developers actively promote
In response to the impact of the pandemic on the real estate market, the government, the National Bank, or real estate developers have actively introduced various measures and benefits to make it easier for those who intend to buy a home to afford it, and for those who wait and see to make decisions more easily.
Why do some people like to rent a house?
- Freedom of movement
Some people advocate freedom and are unwilling to be restricted in any form, or because of the nature of their work, they cannot live in the same place for a long time. Renting a house can bring them this convenience.
- Don't want to be a slave
Buying a home is a lifetime decision, and the mortgage can affect your consumption pattern in the next 30 years. For many people, they are more willing to spend on other aspects of life and do not want mortgages to influence their lifestyle.
There is no absolute right or wrong in buying or renting a house, it depends on the lifestyle you choose. In any case, real estate is always an asset that makes people feel at ease. If you lose this asset, you must plan your finances more carefully. Don't let this life's task become the payment of mortgages for others, and you will still be in the end. There is no proper shelter.