Rent or Buy House?

[Agbalagbaa]

The fact of the matter is that running a house is not that easy, even if you own one. There are many people who own houses and they must also bear the expenses that are associated with the houses.

This is highly dependent on the region of residence. Reverse is the case in third world countries like Nigeria, once you have your house there is nothing like taxes or any other expense.

 

[Good-Person]

This is highly dependent on the region of residence. Reverse is the case in third world countries like Nigeria, once you have your house there is nothing like taxes or any other expense.

So, there is no property tax in Nigeria? I live in a place where you have to pay taxes if you own a house. However, if you are a tenant, then you may not need to pay taxes.

 

[Agbalagbaa]

There are many people who could only dream of having their own house. There are many people who cannot buy their own house as inflation is making it impossible for people to do so.

The truth is that inflation doesn't significantly affect the ownership of house in developing countries. There are no taxes requested and it relatively easy to make money.

 

[Good-Person]

The truth is that inflation doesn't significantly affect the ownership of house in developing countries. There are no taxes requested and it relatively easy to make money.

Well, i live in country where inflation has increased the value of the properties. The inflation is affecting the market and there is a really huge scarcity of buyers in here.

 

[Ernestnari]

If you can afford to buy a house, just buy a house at once. Renting a house is like postponing the evil day. You would still have to build and own your own house sooner or later.

 

[Agbalagbaa]

Well, i live in country where inflation has increased the value of the properties. The inflation is affecting the market and there is a really huge scarcity of buyers in here.

This is true, the global economy is generally affected and it is basically due to the impact of the global pandemic that occurred in the last two years .

 

[Robust]

Actually between renting a house or buying a house all depends on a reason. Though if you want to settle in a location it is better to buy a house than renting a house.

 

[Good-Person]

Actually between renting a house or buying a house all depends on a reason. Though if you want to settle in a location it is better to buy a house than renting a house.

There are many people who rent a house rather than buying it. Many rich people also rent houses as well, despite the fact that they could buy a house in the first place.