Is Rent Truly Wasted Money, or Does It Buy Freedom?

[klassicdoll]

Some people say paying rent is just “throwing money away,” but I don’t fully agree. While owning a home is a great goal, renting also has its perks — like flexibility, fewer responsibilities, and less stress with maintenance or repairs.

I think it really depends on your priorities and lifestyle. For some, stability means owning; for others, freedom means renting.

What about you — do you see rent as wasted money or as paying for flexibility and peace of mind?

 

[Springtime]

Renting certainly has its pros. You do not have to worry about maintenance, and you can move to a bigger or smaller apartment depending on your financial situation. As for buying an apartment, I consider it as an investment. Other than living in it without paying rent, the value of the apartment can increase over time.

 

[eLdavis]

There is no denying the fact owning your own house is good but in a situation where you can't own your house, renting is the best option.

 

[Starmix]

Though family doesn't experience renting, but I believe that those who cannot afford to buy a house and lot may opt to rent. However, it is better to apply for a housing loan and pay it regularly, and then after it's fully paid, you would have a house you call your own. And it becomes your asset.

 

[Suba]

Everyone has different financial goals. Especially if we're staying in another city only temporarily or for less than a year, it's better to rent a house. However, if we're going to stay permanently in a city, it's better to buy a house through a mortgage.