Rent vs own thread #208908968

[Vodun]

always better to buy. really tired of hearing the i want to explore and have fun being a rolling stone BS that adds nothin of value to your net worth. unless its all business related which 9 times out of 10 its not.

No shade but you don't own anything you haven't paid off. It takes a life time most time to pay off a good home

 

[keond]

This ain’t the place to ask breh.

Per the coli, you are to never be married, never have kids and never be a homeowner.

Just fukk bytches in a 1bdr apt paying rent to someone for a home you can never claim on taxes, pull equity from, sell, flip etc. just be a rolling stone and a gypsy playboy till u die. If u can afford to buy a home do it. There are benefits and drawbacks to literally anything u do in life

 

[Smashius Clay]

If you have the opportunity to buy in NYC, I say do it. If you weren't in a top 5 US city, I'd say don't cuz you never know when you're gonna need to move to follow the $$$.

 

[calixprynce]

Thinking about taking the leap . would be a lot cheaper than rent in this particular area

 

[BezO]

Stay with Grams & nem until you're ready to buy somethin'.

Folks will say there are times when it's best not to own, but the only time I can think of is when the market is down AND you're tryin' to sell. Barrin' that, hold tight then buy.

 

[calixprynce]

Stay with Grams & nem until you're ready to buy somethin'.

Folks will say there are times when it's best not to own, but the only time I can think of is when the market is down AND you're tryin' to sell. Barrin' that, hold tight then buy.

Some ppl ain’t got family to rely on

 

[Turbulent]

Pros to both but i tend to lean more towards renting. If you don't plan to stay there at least 10 years, you're better off renting IMO

 

[BaldingSoHard]

This is the 40th thread we've had on this so let me simplify the argument.

As an owner, your options are:

• Pay your own mortgage; earn equity, receive tax deductions and long-standing credit history and a marvelous hedge against inflation.
  
• Rent it out and let someone else pay your mortgage; earn equity, receive tax deductions and long-standing credit history and a marvelous hedge against inflation.
  
• Sell the home and cash in on your equity.
• Pass the property down to your progeny.

As a renter, your options are:

• Pay someone else's mortgage.

I hope this clears it up.

 

[Crude]

Own real estate when you can.

Real estate is as good as liquid cash.

I don't know if you have a side hustle as secondary income but real estate especially rental properties is the way to go.

Even when you and your twin get ready to leave yall can either rent it out or sell maybe even at a profit.

 

[UberEatsDriver]

There’s no such thing as renting vs owning

Just like there’s no such thing as leasing vs financing.

Every choice you make depends on your lifestyles.

part of the reason why millennials don’t own is because they are constantly moving from city to city. Owning is obviously for someone who plans to invest a long period of time in one location (I’m not speaking about investment property either).


I’ve met older African Americans who owned a home in Cali and sold it and moved to Vegas to rent an apartment because their kids were grown and out the house so they didn’t want all the space plus they didn’t want the responsibility anymore.

 

[UberEatsDriver]

This is the 40th thread we've had on this so let me simplify the argument.

As an owner, your options are:

• Pay your own mortgage; earn equity; receive tax deductions and long-standing credit history.
  
• Rent it out and let someone else pay your mortgage; earn equity; receive tax deductions and long-standing credit history.

As a renter, your options are:

• Pay someone else's mortgage.

I hope this clears it up.

lol. Smh

 

[UberEatsDriver]

Now as a New Yorker who plans to stay in the city till I retire I def plan to own. But if I was searching for my target city and moving around every other year it would make no sense for me to own in any of the cities I’m moving around in for brief periods of time.

 

[Neuromancer]

Now as a New Yorker who plans to stay in the city till I retire I def plan to own. But if I was searching for my target city and moving around every other year it would make no sense for me to own in any of the cities I’m moving around in for brief periods of time.

I never plan on moving.

 

[Toe Jay Simpson]

As a tenant who’s landlord is currently being sued for something I may or may not have done. I’m gonna go with rent.

 

[UberEatsDriver]

I never plan on moving.

So in that case you should def look to own.

never rent in a place you decide to stay long term.