Own or rent

Discussion in 'Off Topic Discussion' started by theezy, Mar 5, 2011.

  1. theezy

    theezy Member

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    Do you own or rent your home?

    I am currently renting a duplex myself.
     
  2. GeeOne

    GeeOne Member

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    I have heard western side people take the property (residential) on rent, where as in India I see people are more keen to have their own property.

    For commercial property, most of the multinational company take the property on lease. May be they think they will have the flexibility in case of any change in rules or policy.

    G!
     
  3. Fergal

    Fergal Premium Member
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    Ireland also has a strong tradition of home ownership. I own my own home, but unfortunately the Irish property market has collapsed in recent years and I have a lot of negative equity in my home. I would be in a better position financially if I had been renting and did not own a house.
     
  4. youngkia1

    youngkia1 Member

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    Yes,renting is much better.
     
  5. Fergal

    Fergal Premium Member
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    The thing I don't like about renting is that you are paying someone else's mortgage. I like the idea of owning my own property and hope that some day in the future I will own it mortgage free.
     
  6. eveadam

    eveadam New Member

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    I stay in a rented apartment. Tenants don’t have to bother about paying the housing taxes, loans. No need to worry about the property when there is a transfer. Pack your baggage and move to the next place.
     
  7. saramartin

    saramartin Banned

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    Because the due to bad credit, mostly people do not like rental apartments but without any place you can.not stay safely. Property situation are very bad because of economic recession all over the world.
     
  8. kylie2011

    kylie2011 New Member

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    I have been renting a flat for many years and I had to change the place for some many times, that i have decided to buy a flat. Of course it is not cheap and I am taking a loan with huge interest rates, but I won't change my pace of living so often.
     
  9. Fergal

    Fergal Premium Member
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    Buying your own place is a big step kylie2011, congratulations and good luck with it.
     
  10. JPM

    JPM Active Member

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    Like wise. I hope to be mortgage free one day also. However i currently do both. I rent in Dublin with my Girlfriend, and also own a property in Sheffield (UK) - if i had a choice I would own a property here also but it's not that simple in Ireland is it Fergal!
     
  11. Fergal

    Fergal Premium Member
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    Certainly not at the moment JPM, the property market appears to be in free fall and it is extremely difficult for anyone to get a mortgage.
     
  12. Beck

    Beck New Member

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    I'm currently renting but I hope to buy within the next year. Prices are so amazing right now and I'm a little bummed that we can't come up with a proper down payment at this time. It's pretty upsetting but it's something to look forward to :)
     
  13. saramartin

    saramartin Banned

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    Well, you live and learn about renting of home. In my personal opinion If you are abroad or anywhere then your personal home is a best place for your peace. Mostly people in dubai particular visitors in Dubai, find rental apartment in Dubai which is good because after visit you may move from dubai easily but If you want to live there permanently or for a long period then you should purchase some Property in Dubai or any place.
     
  14. hetalhet

    hetalhet Member

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    Well I have our own home as I live in India and here people are more conscious about owning home. If you ask any lower middle class that what is their goal, The most common answer you will get here in India is: To Have our own Home
     
  15. Yanni

    Yanni Member

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    Rent! Don't have the cash to buy a home right now. And loans are hard to get in today's economy.
     
  16. Blake123

    Blake123 Member

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    I own, but I'm not quite satisfied with the space, I thing my family really needs a bigger apartment,
    so now I'm working hard to afford it
     
  17. Bwendo

    Bwendo Member

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    I own too but not for much longer - looks like my wife and I are splitting up! Am spending my nights at my warehouse - anyone selling a mattress?
     
  18. Fergal

    Fergal Premium Member
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    Sorry to hear that Bwendo, life is full of ups and downs, good luck with getting everything sorted.
     
  19. bleepingdesign

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    Here in India people try hard to own homes.There are few who like to live in rented homes. I own my own home
     
  20. Fergal

    Fergal Premium Member
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    anish sangamam I've had the good fortune to have spent some time in India, what area of India are you in?
     

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