Do you prefer to rent or buy next place to live? (39)

If a person has money to invest, maybe it is the right time to buy. maybe wait a bit more and see how the market will go after December, January. It may go down again, after the year end...just a guess.

Buying a house? Then if you want to change the job, town, state, country? In my country to sell a house in the next years will be a problem. In Portugal and in Spain we have a high percentage of house above the figures of our populations...We would need a few millions more of inhabitants.

With this crisis going on we never now where we have to be next month, next year, just to make a living...

I have a house... I was supervising the construction... now it looks like a prison to me... I can not sell it... I have to stay here.

Rose

Why buy when you can rent...and avoid property taxes and responsibility for home repairs. It's not inexpensive to own anymore and besides that, what do you really own that the banks don't have control over?

Very good point.
Even when we don't have a loan...

If the government want's your property bad enough, all they have to do is condemn it, raze it, and rebuild what they want.

See, in my case I never had to pay the banks. The house was paid off years ago by his parents, and the banks have had no control of it during my ownership.

There are downsides to owning, like having to fix anything that goes wrong yourself, or hire someone to do it for you...but you can do what you want with the place. I don't have to ask anyone for permission in remodeling this house to suit me, and could fence it for my dogs. And I just have to keep up with the taxes and the utilities.

If I sold this house, I'd buy one that I could afford to own outright, not one I'd have to get a mortgage on.

We just bought a home..and love it..no morgage

in the long run you will be cheaper to rent than buy,plus when you rent you will not have to worry about getting something fix when something breaks,plus in this market if you decide to sell it,you might not get your money back,but you might lose money

rent in my area for say a two bedroom apt. around $400.00 my house payment is $350.00 and it is a duplex ...I rent out half of the upstairs two rooms altogether for $350.00 ....errr owning has it good points.