You have purchased or were given a home. The house is yours and you can do whatever you like to it or with it. This is most commonly done with a mortgage from a lender such as a bank to which you make monthly payments against the principle and interest. You are responsible for the house, the taxes and the insurance. You gain equity in the house by paying down the principle on the mortgage.

Equity which you gain from paying down the principle, appreciation for when you sell the house, tax deductions on interest paid, you have the ability to do anything you want to the house/land, considered the only real asset most Americans have

Responsible for the mortgage which could reflect negatively on your credit if you lose your job/income, credit and income plays a huge part in how much you can borrow, maintenance costs/repairs are all done by you, locked down to your house, property taxes, insurance



Renting is a waste of money

Just now I did a little math and figured out that I've spent around $70,000 during the past ten plus years as a renter. And at the end of it all, I have nothing to show. All that money wasted on temporary housing. I could own a nice small house in my area for about that. No matter how much money I pour into this place, it's never going to be mine. Can't wait to be a homeowner - then if we decide to move after that, I can always get my money back. As a renter, that's never going to happen.
Posted by Beverly on 11-10-2015
You should consider a fixer upper foreclosure house. If you can save enough money you could pay it off up front and then you would own your own home free and clear with no mortgage or debt. Only insurance and yearly taxes to worry about . And you might qualify for a USDA loan to upgrade/renovate the home.


I rented in my youth and it was basically throwing away money - lining someone's pocket with my own money, paying off their mortgage. Buying a house is the way to go. You still pay rent it is just in the form of a mortgage and after so many payments you no longer pay that mortgage plus you own a valuable asset.
Posted by FindingJay on 11-10-2015

Owning is the way to go

I have owned my home for 13 years and love it. We are able to do what we please with the house, and we are not wasting our money. We wasted our money for a few years before we bought the house on crappy apartments where we had to have neighbors that were loud and not considerate of us. But here, we have a quiet place, and the money that we are investing in our home is a great investment for us.
Posted by angie828 on 11-16-2015

Owning is better!

Both renting and buying a house requires you to pay a monthly fee. In the case of renting, you pay for rent and in the case of buying a house, you pay for council tax and bills. Owning a house will have a lower monthly cost though and therefore overall cheaper because the money you used to buy the house can be obtained back when you sell it. The advantages of owning a house is that you have full control over the house and it is the best idea if you want to settle down. Owning a house is just much more cost effective than renting.
Posted by MasterA on 06-22-2016


Personally speaking, I do not like renting, as it leads to a lot of problems. When I have cash flow problems, then it is one to end up compounding the amount of money that I need to give. So, owning is my cup of tea.
Posted by neilbhabuta on 08-18-2016

Owning is so settled!

I have only ever rented before but I so want to buy.

My husband and I are planning on buying a plot close to use and we will then build our own house.... this might be happening very very soon so I am very excited.

I don't like renting because I want to make the house a home. I want to do what I want in the garden and I want to put things up on the walls, paint... I can't do any of these things and even if I do then I lose it when I move. No thanks I want my own home now!

Posted by LynneHuysamen on 07-26-2016

100% better!

I have actually done both. I have rented in my early years because I simply couldn't afford to buy an apartment/house but now that I had the means, me and my partner bought ourselves a nice big flat that we share. It was easier since we both paid half and I have to admit that owning is WAY better than renting in every single way. I truly feel like renting is a big waste of money since you are paying somebody for the place that you're using yet it will never be yours. You always have to follow certain rules that the landlord gives you, you can't just do whatever you want with your ''home''.

Once you buy the property or a flat, that's when it's truly yours and you can call it home proudly. If you want to break down the walls you can. If you want to completely repaint every wall, you can. There's nothing that's stopping you because you're the OWNER.

Posted by Mehano on 07-30-2017
Jonathan Solomon

Owning Has More Options!

Everybody has a different income scenario, so for some, it's not as easy to acquire buying a house than others. If you're in the ability to buy a house, however, I suggest it. Especially if you're about to pay off the mortgage faster than the time given. Owning property, no matter how you sum it is a valuable asset in the deck of cards. Real estate can be flipped into liquidity at any time. With renting, you're never actually building, nor progressing. Money comes in and goes out. Same goes for a mortgage, but at least you have a relationship with the bank and your house. You should, however, only get into buying if you are fully comfortable with your current financial situation. Otherwise, you might be biting off more than you can chew.
Posted by Jonathan Solomon on 05-21-2017

Having something you can call your own

There's nothing like owning your own apartment or home. You have a place you can call your own and won't have to worry about living under someone else's roof. When owning your own place you live by your own rules regarding the home, so you can do what ever you please. Also you can stay as long as you want, but if you rent, the owner can come back to their homes at any given time and you have no choice but to leave. Some owners only give the renters 30 days to pack their belongings and move out. When renting as well you have to make sure the house is in tip top shape and abide by the owners rules. Owning is free reign, you can paint walls, and make any changes as you wish.
Posted by dejah0987 on 05-20-2017

I Rented. I Owned. Owning is Better!

When you own you get the benefits of property ownership. When you rent, the landlord gets the benefits. You get nothing as far as ownership. You do have the freedom to relocate to another place easier without worry. But by comparison, it is always better to own property. It's a wise investment decision.
Posted by cmoneyspinner on 06-13-2017


Nothing beats having your own place. You can do what you want when you want and not pay( Well mostly anyway) Anything to anyone. Now that's freedom!
Posted by Marvadaum on 10-10-2017

It's the best investment that I know of

Owning your own house comes with a lot more benefits that can't ever be compared to living in a rented house as long as you can afford buying your own home, it's the best life investment that I would ever think of embarking on both for personal reasons and business reasons as well.

Yes of course buying a house is a very good investment in my opinion. It doesn't matter if you bought it for personal use or business use in terms of renting it out or leasing it out, it's definitely a good investment.

If it's a house bought for personal use, it's definitely going to save the own the expenses of paying for rent anymore, but if it's bought for commercial purposes, it's a very lucrative business as the owner would be making a lot from rent/lease fees as and at when due.

Posted by Heatman on 09-25-2017


I like owning my own as I can do whatever modifications I want with it and I don't have to worry about paying for rent which could increase at any time or repairing the broken things in the apartment.
Posted by treecko142 on 03-09-2018



You are paying someone (a landlord) for the use of their house for you and your family. You do not own the home but are provided certain rights to the house (as provided by the landlord agreement and applicable state laws).

Move whenever you want, a majority of the upkeep/maintenance is done by the landlord, sometimes some utilities are covered, no property taxes, no home insurance

Limited to what you can do to the house/land, must follow the landlord's restrictions and conduct rules, usually limited to the amount of occupants and guests you can have



Renting is freedom

I've rented my entire life and enjoy it. While financially it may not be the greatest decision, renting works perfectly with my life. I like to move and travel and I hate the idea of being locked down to one location. I've lived in 8 different states in 12 years.
Posted by Lop on 11-11-2015


I do not own the apartment I live in today but I really wish I did. I hate renting. I will however, buy my own house in a few short years from now. I'm certain of it. I need it. I want it. I will become a house owner. We have some sort of "saying" in Sweden that goes like this: "Du tjänar pengar på varje skruv du sätter dit." Which basically means that you'll earn money for each and every little bit of renovating you're doing. As real estates becomes more valuable. That's what I'm looking for. I look for that profit and I look for that amazing feeling to welcome your family and friends to your own house.. And, I will make my wishes come true!
Posted by hitmeasap on 07-07-2016
Yes I also want to own very badly! My husband and I have almost definitely settled on the plot of land we want to buy and the builder we want to use. I am so excited. It could be that this time next year we will be sitting in our own home. I don't think there will be a better feeling than that!
Posted by LynneHuysamen on 07-26-2016
Renting is a big expense that you get nothing from it except the time that you stayed there. It is really a difficult life when you are born in a poor family that you have to strive on your own to have a house. When I saw some friends who were given a house by their parents, I was really envious of them that I was wishing to have been born into a rich family so I wouldn’t have a hard time in getting a home of my own.
Posted by Corzhens on 12-10-2018
Owning a house gives you a lot of security. It's money well spent and an investment that will appreciate and become even more valuable with the passage of time. It's something you can pass on to your loved ones. I've rented a house before and I was never at peace until I was able to buy one for myself. It gives me great joy to be able to do anything I want with my house. Back when we were renting, we're not even allowed to own a dog or paint the house. I love having this large place with a garden and some trees, something I never had when we were still renting a cramped place in the big city.
Posted by chatbox on 07-23-2017
I think both needs to be taken into consideration. I have found that some people can't afford buying new house. And in such case they are going to buy the house only if they can afford. And that;s something we have to consider the scenario. You have to understand based on circumstances things surely change. And we have to focus on what's possible and what can be done for that. Renting in some case works out for people.
Posted by overcast on 07-30-2017
I will go with owning a house instead of renting it. Even if I don't have money to buy a house I will consider getting a loan to buy a house. The monthly rent can actualy be used to pay loan repayments. If you continue to pay the monthly installments, in 5 years or so you will have your own house. However, if you live in a rented house, you will never have it even though you pay the the price of house as rents while living there for five years.
Posted by vinaya on 08-08-2017
Haven't had my very own house yet but I definitely prefer to own one and start a family with it in the near future. I've tried renting and living in the same house with my partner but we ended up just staying at our workplace dorm after a month or two because of the expenses and the hassle travelling. Although we are planning now to get settled in the nearest time as possible supposedly we had save enough to have our very house and sustainable enough to have a family of our own too.
Posted by narutos3nn1n on 10-10-2017
We had rented an apartment for 2 years and after that we moved to a house that we rented for 5 years. Based on our rough computation, we could have bought a house with the amount of rent that we had paid for 7 years. However, it is not easy to get a housing loan so most of the tenants remain a tenant for a long time. If only the government would help in this issue then I guess tenants will be a dying breed. Now that we have our own house which is already fully paid, I’d say that owning a house is the best.
Posted by Corzhens on 12-12-2017
As much as possible, if you can't afford to own a house, might as well, find a rent-to-own one so all the payment that you're going to do will be credited and once you fully paid for it, you can say that it will all be yours now. Owning a house is the best gift that you can give to your family. It's not wise to just rent but to find something where you can invest for the future of your family.
Posted by ColdFlameChris on 12-23-2017