Paying Rent

Paying Rent
For a lot of young people staying with rent is the only way they can be by themselves and finally out of the house.

It can be very difficult at first, especially if you are at your first job, managing all the expenses living alone depends. Living in rented houses/apartments is part of life in any major city around the world. The full price of an apartment or house in one of these cities is way above the capabilities of a young person just starting up in the world. It may take years until someone has enough capital power to buy their own house.

I personally hated when I was paying rent, it was high and the place I was living in was a dump. But it was close to the place I worked and I really had no alternative except quit my job and move in some other town, which I eventually did.

  • The good part about living in a rented apartment is the fact that you can have a friend join you. It doesn't even need to be your friend, you just need someone to split the rent with. You can really do that if you buy a house.
  • If you need to move to another location, you can just pack your bags and go. Unlike owning your own house, nobody is holding you down when you rent a place. It makes it a lot easier to switch jobs if you need to do so.
  • If you don't afford the price of the rent for some unfortunate reason, you can just find a cheaper place or worst yet move back to your parent's house for a while until you get yourself up on your feet again.

  • You may not have full intimacy, especially if you will have a roommate, but it helps a lot if you are still very young.
  • Rent can be expensive, especially in big cities where on top of high rent you also have a generally high price of living. This may be a deal breaker for many that may want to move in such an area.



Renting is so much less stressful

I am someone who prefers to rent, it's easier to be able to rent a home and know that any kind of repairs that need to be done on the house itself will be done by the home owner. As a home owner you would have to look at all that you would have to worry about from the repairs on the home to possibly having to pay off a mortgage if you took a mortgage out to purchase the home and so much more. I would rather not have the stress of worrying about repairs and have someone else worry about that and be able to have somewhere to live.
Posted by Shortie on 04-21-2017


Well am in the UK and rent from my local council I can't afford to buy an house . I wish I could buy an house but if I had the money I would use for other things first.

In my opinion I don't think it is important to buy your home. As long as you got roof over your head and can get food and also other things from utility bills then so I would happily rent then buying but that is just my views.

Posted by moneybags82 on 04-19-2017
What about if you run out of money, or lose your job and can't afford to pay your rent and the landlord doesn't accept housing benefit?

I agree

More millennials are moving into the real estate market. About 65 percent of people ages 25 to 34 years old surveyed by in mid-June said they plan to buy in the next three months.

But buying is not always the best option. When deciding one of the biggest financial decisions of your life, keep these things in mind to see if you're better off buying or renting.

You have limited funds. If you don't have the money for a down payment and additional costs of owning a home, renting is the best option. Use rent-versus-buy calculators at Trulia or to see what you can afford.

You are uncertain about your employment. If you are unsure about your job situation or living paycheck to paycheck, focus on conserving cash for future living expenses and building up your emergency fund, said Evelyn Zohlen, a certified financial planner and president of Inspired Financial in Huntington Beach, California.

Posted by Kiyoedits on 05-17-2017

Renting all the way

renting all the way because home repairs are so much. your looking at $5k to $10K for a new roof and another $5k+ for a new furnace. Hot water tank that's another $1,200+ and I can go on and one. Owning your own home is just way too expensive when you're on a budget!
Posted by Soulwatcher on 09-02-2017


Buying a house

Buying a house
Buying a house may be the most important decision a person can make except taking the steps to marriage. It isn't forever but it may well be if everything goes well and you don't need to sell the house for some unfortunate reason. Or maybe you just need to move up in the world at some point and in that case, I don't see any reason why you shouldn't.

Overall buying a house is serious business. You need to consider a lot of factors like:

  • Overall price
  • Price of future investments and repairs the house may need
  • How far from the city the house may be
  • What kind of school there are nearby if you have or plan to have children
I personally prefer living outside the big cities and having a house I can call my own. Manage to somewhat build my own house, it took me about 3 years to finish everything but it was all worth it in the end.

  • You will have full intimacy living in your own house, nobody is going to bother you because you will not have friend or roommates if you don't want too.
  • You can implement any changes to the house as you please as long as you don't damage the internal structure of the house.
  • Unless you sell it at some point, your house will forever be yours and you don't have to pay any rent to keep living there.
  • Most houses are in good neighborhoods, away from the noisy city, in a more peaceful era. If this is what you want, buying you own house will be great.

  • You may need to invest some serious money when you first move in, the house you are buying may need repairs and general renovation.
  • Certain necessities ma be far away, like a hospital, certain schools, and other similar facilities. You will heavily rely on your car to get around which will greatly increase your cost of living.
  • Not everybody has the money to buy a house, all cash upfront. So you may need to buy a credit for a very long period, this will be similar to paying rent, the only difference is that you basically own the house depending on the legislation in your area.



But your own home..

I would rather own my own home than rent for the rest of my life. I'm currently renting but I'm still voting to own my own home as it's something I'm working towards and hope to get on the property ladder one day and get a mortgage of some kind. Whether on my own and doing it by myself or with my partner. And I think it makes a lot more sense to go this route too since when you're renting, sure you're getting a roof over your head for a month at a time but you're not really getting anything out of that deal in the long term. Eventually, no matter how much you pay in rent, you'll never own any part of that property. And if you lose your job or income of any kind and can't pay the rent. Unless the landlord accepts housing benefit you'll have to move out or be ejected and that's not much fun obviously lol. But when you are buying a house, as long as you keep up repayments on your mortgage and pay it all off, that house is guaranteed yours when you do. Of course, you can still lose that house if you don't keep up repayments in the same way you could if you was renting. But as long as you don't then one day that house will finally be yours and paid for and be a house to retire in and even grow old and die in! And then you can give it to your kids or someone else in your will when you go which they can then live in or sell or whatever. So I think it's better to buy than it is to rent. I hate renting I think we pay too much in rent as it is. Although when you mortgage a house you can often pay more every month than you would when renting but yeah. :)
Posted by idealmikey on 04-19-2017

Its better to buy a house

I don't have my own house. I am living with my parents. When I will have my job and will have enough money then I will buy/build a house for me and my family. I think its really better to buy a house rather than renting a house. If you will buy a house you will not need to worry about house rent every month/year. But its not so easy to buy/build a house. Because you will need a lot of money to do this. However, its still better then to rent a house.
Posted by NomanProdhan on 04-19-2017

Have all the say

I would definitely prefer owning my own home! A property is definitely an asset that one should aim for eventually. It is also a symbolism of adulthood, that one is matured enough to have made it eventually, unlike renting a place where responsibilities and commitments belong to someone else - the owner. It is also a legacy that could be left behind for your children to inherit. Most young people rent homes and if they could own one, they are deemed capable. Also when it is your own home, you can design and style it any way you want and if you want to paint your home in multicolour, nobody will stop you (except maybe your interior designer complaining about colours clashing). But if you are a tenant, you have to follow the rules of the owner as per contract. Now wouldn't it be beautiful to own a home and have all the say? Smile.
Posted by Mabel on 05-02-2017

great investment

Buying a home is a great investment. As long as you stay within your means and purchase a home that is not more than you can handle financially, then purchasing a home is much better than paying rent. You are virtually "paying yourself" each month when you pay your mortgage. A home is a valuable asset that, in almost all cases, will appreciate in value. If you are able to improve your home you can typically sell it for more than you bought it for and make a return on your investment.
Posted by Mahshiemonalisa on 04-20-2017

Buying a house

Paying rent is no fun, especially when you’re financially not stable and at the end of the month you’re in stress because your pay check is delayed and the house owner keep calling you or show up at your door. Just imagine a portion, small or big goes on to rent every month. When staying as a tenant, there are a lot of rule and regulations that you must follow. I remember during my college days, I stayed in a terrace house, I had a hard time, I wasn’t allowed to keep pets. Which was a big disappointment, I love cats and I wanted to have a cat. Also in a rented house, you may not be able to renovate or decorate the way you like.

I would definitely go with, buying a house. House is an asset and which can generate money from you house purchased through various ways, like you can rent to someone else, it a great way to make money monthly or resell at a higher price. Not everyone can afford to buy a house today, you must have a sizable money for down payment.

You can do anything you want in your own house, have a pet, have as many girl friends or boyfriends you want, or late night booty calls, you also can renovate your own house on your own way, without having to ask someone else, however your neighbors can be a botheration

Posted by optimistic on 04-21-2017

Home sweet home

There is no other place like your own home.Rented houses are good because the prices are much affordable, but if you stay in a rented house for a long time, you may have payed more than the price of the house so buying a house is better.Also you can do whatever you want to your own house,maybe add a new part,remove etc. and no one can say anything.So I'd like to live in my own house.
Posted by achi007 on 04-20-2017

Own your personal space

Would I want to live under someone else’s roof and rules? I would be caught dead doing that. Unless you are on an overseas working stint then yeah, there wouldn’t be much of a choice except to rent. Home to me is my private sanctuary where I get away from the crazy world at the end of the day and recharge. It wouldn’t feel quite the same if the place is rented. A house unlike a car is also a great investment with appreciating and not depreciating values. It could well be your stepping stone to greater heights of riches in time to come over the years. So why would I dump hard-earned money every month into rent when I can probably save harder to own one myself. I can even choose to rent out the house and have others fund my home loan.
Posted by ry78an on 05-02-2017

Life Goal!

Nothing better than having your own space, your own house and the possibility to leave it to your family when you die and yes maybe you have more responsabilities and owning a house is a little bit stressful sometimes but for me It's a life goal!
Posted by wezegan on 05-01-2017

I'd rather build than buy but it all leads to owne

Ownership is the best option whether it's buying the house or building the house. As a Finance Major I am more inclined to Value Creation for the customers and Wealth Maximization for the Equity owners. This also means that I can apply this to myself. I create value for myself by building the house I want or buying the house that appeals to me most. I then maximize my wealth by sitting on this asset knowing that with each passing day, the market value has shot up. I'd rather build than buy because I get the option to customize it to exactly what I want, at a lower cost as compared to buying. If I decide to sell it immediately it's finished I will not sell it at the cost of building but at a higher price because I must make my profit. I can also customize it to have separate extensions which I can rent out and have extra income. Therefore it's much better to own than to rent.
Posted by Lethal63 on 05-04-2017

Invest in yourself

If I could afford to, I'd rather make monthly payments toward my own home than paying rent to a landlord. It just seems more economical for my money to be invested in myself, rather than funding the owner of someone else's house. I understand it can be expensive to buy a house, but if the monthly payments for a mortgage and for rent were the same, I'd rather buy the house.
Posted by krystyltbh on 05-09-2017


I would rather save up, and buy my own house than paying rent. The good things are that:

  1. You have your own house.
  2. You no longer have to pay for rent every month.
  3. Your own house is more reliable.

Posted by dap1900 on 05-12-2017

buying a house is more advantageous

Regardless of the major demerit of high cost of repairs that come with owning a house, It is more cost effective than renting an apartment. The cost of repairs is a one-time payment, a long term investment for peace of mind, as against the continuous rent paid and restrictions that accompany renting an apartment.
Posted by mayorsunky on 05-14-2017
Jonathan Solomon

Buy a house, treat it like an investment

My parents are what you call "investors". Growing up, I was always told to treat things like an investment. Buy it in full (if you can), and keep it up in good condition because it'll always be a valuable asset chip in case you have to flip it. Just to make things clear, renting in your 20's as a single person is way different compared to renting in your 30's married. I feel as you get older, you should make smarter decisions based on the income you have (progression basically). Renting is fine, but doesn't help you gain any valuable assets over time. Personally, I've never enjoyed a "rented lifestyle" (cars, house, phone). If you can't buy it in full, what's the point? To me it seems like these unpaid items get me up in the morning, to work to pay for them. I find more enjoyment saving up to buy it in full. Rather than making payments on a lease, mortgage, etc..
Posted by Jonathan Solomon on 05-14-2017

Owning property is the way to go

Owning property can potentially make you wealthy, if you do your research you can get decent houses at bargain prices. Renting makes no sense because you are essentially making someone else wealthy, tenants are usually paying the mortgage but own nothing. Also the monthly mortgage on a house is cheaper then the rent tenants pay every month.
Posted by kingrichez on 05-15-2017

One of my biggest dreams

Paying rent is a solution for millions of people, but nothing compares to being able to buy your own home.

I remember as if it was yesterday, how happy I was when I could get mine. It was one of the best days of my whole life!

Posted by WildSpirit on 05-24-2017

I prefer to buy a house,

Although I haven't been able to buy my own house yet I must say that there is nothing to have your own house and be able to change what you don't like and what you like just make it exactly like it looks like in your dreams. I know it's expensive and will take me long time but I'll make it cause I can do it, and I'm working on it.
Posted by Clara1993 on 07-05-2017

My own home.

Having a house of your own is a dream of everyone of us. Even though it is hard to have one, most of us strive harder to achieve what they want. I don't like renting a house. You must pay the rent monthly and it will be your problem every month. Unlike in owning a new house, the only problem you will face is electrical fees, water fees and other maintenance fees.
Posted by blank629 on 10-17-2017

more freedom

I am not too sure but I have heard some financial experts say that it's better to rent. Perhaps it may just depend on the country they were from but here I don't think it's that terrible to buy a house and I personally prefer it because you get more freedom to do what you want. I lived in a rented house once and we needed permission for everything even for the smallest changes like painting a wall so unless the place was absolutely designed to my liking I would much rather just buy my own place so I can change whatever I want.
Posted by Wubwub on 02-26-2018

Best investment ever

First and foremost, I would like to congratulate anyone who is actually successful in buying a house of his own, it's never an easy task to accomplish as it's not easy for one to be the owner of his home. I'm quite sure it would be feeling that can't be expressed and explained fully but nevertheless, I'm very happy for anyone who gets this done.

I'm still on rented apartment in the urban city and looking forward to achieving what you just did sooner or later. But in my rural setting, I already have a home of my own. It gives pride when you built a home or house of your own in your village home.

Buying a house in my opinion is one of the best long term investment, it never wanes but always appreciate in worth. So if you have have the cash at your disposal, hit up the real estate agents and see a building that you can afford and make it permanently yours.

Posted by Heatman on 09-23-2017

Buying a house

I vote for buying a house. When you buy a house it will be yours forever unless you sell it again. Renting only means the house cannot be yours even if you are paying the rent.
Posted by jeffreyjose48 on 10-08-2018


If you have enough money then buy your own house, it is more convenient and you won't be stress out for your next month payment.
Posted by allyn2017 on 11-19-2018

Buy a house!

Buying a house is way better than renting it. Once you get a house to yourself it is then easy to buy your own equipment for the house such as cooking gear, furniture, appliances and so on. I really want to buy a house as well because the only problem you will be facing is internet bills, water bills and electricity bills.
Posted by YoloBoy on 12-17-2018


To be honest, when it comes to buying a house, I would definitely do it when I am already well off. I wouldn't buy any property if I am still focusing on just building my empire or investing on any business. They say that if you buy a house instead of renting it, is only because you afford to actually buy a house without compromising your budget. My advise would be to not buy a house until you actually are doing pretty good with your actual income. If you are just barely making it, then I would tell you to wait a little longer and even make you think twice before taking the risk. I would tell you to invest what ever you think you are putting up front as the first downpayment onto some sort business. Just something that will atually help you in the future to pay what you have to pay when you actually set your mind to buying a house.
Posted by AntwanCeja on 05-21-2017
If you intend to continue living in the same city for many years to come, you should consider buying a house instead of living in a rented house. There are many benefits of buying a house, for example, buying a house is also an investment. Real estate market is much more stable than share market. Secondly, if you continue to pay for your rents you will spend a lot of money, still the house is never yours, however, if you finance your house through a bank in few years time, you will be able to clear the loan.
Posted by vinaya on 07-15-2017
We were living in the city before and we were renting when we moved out from the ancestral home of my husband. But there is no way that we could buy a house in the city because it is very expensive. What we aimed was to buy a house in the suburbs because that is the only house that we could afford and we need a bank loan for that. Fortunately our plans materialized in 2001 and here we are now in the suburbs living in our own home.
Posted by Corzhens on 11-17-2018
Buying a house is only good if you don't want to move anywhere, have the time to take care of it and have the money for the first payment. It's a good thing for someone with an established career who's starting a family. Renting is better for younger people who don't have the money and want more freedom.
Posted by reginafalange on 07-28-2017
It is a difficult question because there are many reasons why one would rather rent an apartment than get a loan for a house. Some people don't like to have debt, some live in places where buying something would be horrendously expensive (like NY) or they aren't sure if they will stick to one place for longer. Obviously it's better to have a house of your own but it doesn't really belong to you until you pay the debt so it is something you should really think about before taking the decision.
Posted by felabruno on 08-27-2017
Both options are okay, but paying for rent while one save for buying a house is better unless in cases where there is a chance of going through mortgage financing. I mean if there is a way a bank could finance for the buying of the house while you take your time to pay the bank back every month at a certain interest, then I see that as a viable option instead of paying rent. However, this can only be applied to areas where the cost of paying rent is much higher, but in areas where the cost of paying rent is not that expensive, then buying your own house is not an option to be considered since you can use the money to solve other needs of the home.
Posted by Barida on 09-07-2017
It's undeniable that buying your own house is much economical than renting a house. Majority of the people would preferably buy a house of their own because this gives them a higher advantage compared to renting. And when you rent, this will definitely let you experience monthly stress also.
Posted by DanoCath on 10-09-2017
It's always better to buy your own house since you're sure that it will all be yours and you can also pass it to the next generation. We've been renting our house now for more than 17 years now and if calculate all the money that we've paid for the rent, you will see that it's better if we just buy a house. It's much better if there are some real estates who offers a rent-to-own so you won't have to worry about paying the whole amount, instead, you just need to pay monthly regularly and soon, it'll be all yours.
Posted by ColdFlameChris on 11-30-2017
I know that it’s not easy to buy a house because we have experienced renting for 7 years. The problem is that banks here don’t easily give house mortage loans unless you have the lot already. We were just fortunate when my husband was given the privilege by his employer a housing loan. But without that, we would be renting until now. The moment you get the opportunity to afford to buy a house, go for it as soon as you can. Renting will only deplete your finances and leave you with nothing.
Posted by Corzhens on 12-15-2017
Currently I pay rent and obviously intend to buy a house to not have that kind of expense anymore. However, if you do not have the money to buy a home, then paying rent is definitely one of the best options to have a home. Rent, on the other hand, allows you to be more free, instead of just living in one place, you get to know several other places. It all depends on your goal. I, for example, really want to build my house and I know I'll do it soon.
Posted by hermessantos on 01-31-2018
Buying a house is the best thing that i can ever wish for since it will give and my family more freedom to do whatever we need to do privately without your compound people talking about you or stopping you from doing certain things like in a rented house.
Posted by babyright on 02-06-2018
Rent paying for a house is really a waste of money to me,if one has the wherewithal the best bet is to buy a house and nothing appreciate highly like a building, it continue to appreciate yearly the more it appreciate the more money one pays for rent so it better it is bought than rented.
Posted by lovely on 02-26-2018
I don't have a choice really, for now, I am renting but hopefully, I can buy my own house in the near future. I am doing all the planning and saving and budgeting to get this realized.
Posted by Chinet23 on 09-19-2018
I choose buying a house. You will really be the owner of that house you have bought. Renting a house will not give you a chance that the house you are renting will be yours.
Posted by jeffreyjose48 on 10-08-2018
I've always wanted my own house, rather than renting because it is more convenient.
Posted by allyn2017 on 11-19-2018
I think it depends on which Country you lie in and the price for both. I think that generally everyone would like to own a house. In my Country for example it is too expensive to own a house unless you are buying it cash or building it on your own. If you take a mortgage it does not make financial sense, you are better off renting and putting any extra money into your savings. I am aiming to buy a piece of land and build my own house.I am slowly saving money and hope to accomplish this in the next year and a half.
Posted by jaymish on 12-08-2018
buying is nice if you want to be able to customize your space, many landlords don't like remodeling. The costs of both can change over time, rents can increase when you renew your lease, property taxes or insurance can go up on a house too. In my area the costs of rents have gone up more consistantly then property taxes and insurance so I came out way ahead by buying, other areas have the opposite so you need to be familiar with the area. It is far easier to kick you out of an apartment then a house, to get kicked out of your house you have to stop paying the mortgage vs at an apartment they can just not renew your lease.
Posted by Caguioa747 on 12-17-2018