is it best to rent or get a mortagage for 30 years

Jump to Last Post 1-8 of 8 discussions (8 posts)
  1. SIJO1 profile image75
    SIJO1posted 8 years ago

    is it best to rent or get a mortagage for 30 years

  2. zoey24 profile image76
    zoey24posted 8 years ago

    It is best to get a morgage because at least in the end you will own your house, where if you rent you are just chucking dead money away really, because you will not have anything out of it at the end.

  3. fundamentallife profile image57
    fundamentallifeposted 8 years ago

    It would depend on many variables! Income, family, prostpects, goals.

  4. Forest_Parks profile image61
    Forest_Parksposted 8 years ago

    Personally I go for rent. The amount of interest, property tax and other owning related costs are just not worth the lack of freedom to move around for me.

    I would prefer to rent and place a large sum of money in investments each month.

  5. kprimeaux profile image60
    kprimeauxposted 8 years ago

    Depends on your situation. Personally, I would buy. Interest rates are at all time lows. The housing crisis has some markets priced over 50% lower than 4 years ago. What goes up must come down, but what goes down will go up.

    So you buy a house worth $200,000 that will eventually be worth at least $350K to be conservative and lock it  with an all time low interest rate for 30 years. Now you are gaining wealth at the best time to buy in real estate in years.

    Or you pay rent of $2500 per month, or $30K per year to the investor that was smart enough to buy the same house as a rental property.

    He makes $500-$600 per month cash flow off of the "guy who rented" and has someone else paying $30K per year on his mortgage that he bought at 50% of value and with an ultra low interest rate.

  6. vietnamvet68 profile image62
    vietnamvet68posted 8 years ago

    I find it much better to rent, you save thousands of dollars otherwise spent on home repairs such as a new roof, remodeling etc. Plus i do not have to worry about mowing or snow removal anymore. It has been a god send for me.

  7. steve-bc-ca profile image78
    steve-bc-caposted 8 years ago

    In my case its better to rent. We only pay $425 Canadian for a four bedroom home. If you don't know, this is very cheap and you can't even get a one bedroom apartment for that price. We manage to put enough away for a down payment on a home in one year! At this point we save more by renting.

  8. IncomePowerBoost profile image53
    IncomePowerBoostposted 8 years ago

    I would say it depends on what you can afford.  If you can afford a mortgage then  you  would be in a far better place in  30 years  when you own your home and have equity in it  than  if you  paid rent which results in having absolutely nothing to show for it after the same amount of time frame

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)