If I am to choose between buying a house or to pay money on installation, I will prefer to buy a complete house if I have the money so that I will be the owner, so that no one will disturb me or disgrace me because of any money.
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That is just the true fact,because a person who is having huge wage bill to settle with rent inclusive will not be able to make good financial inroad stability wise,reason the idea of a mortgage is very important,The problem with this country is that nobody will be willing to give you a house for you to pay in installments but that is clearly the best idea. Paying rent especially for a long time is not a sustainable idea for your wealth.
I have seen some organisations like that that deals with buildings of one bedroom flat , 2-bedroom flat , 3-bedroom flat and sometimes four-bedroom flat and give it out for people to pay back in 3 to 8 years time. The cost of paying back are always expensive than the actual cost of building them personally. But in all the same it is still a nice ideaThe problem with this country is that nobody will be willing to give you a house for you to pay in installments but that is clearly the best idea. Paying rent especially for a long time is not a sustainable idea for your wealth.
That is true,because the moment you start by paying an agreed sum,which might be by monthly instalment,it is far more better than just paying house rent consistently,but you will never own that house.Because renting a house will never make you house owner so for me I prefer buying a house in order to become owner, an so the house will now belong to you and you will have relax mind.
Yes of course, there is nothing like having your own house it is good to have your own apartment than renting apartment, if actually you have the money it's more better than paying rent, so I prefer owing house.That is true,because the moment you start by paying an agreed sum,which might be by monthly instalment,it is far more better than just paying house rent consistently,but you will never own that house.
That is a form of security for anyone that has this as his futuristic plan,i could remember when a friend of mine,whose family was given the oppourtunity to choose between both option,they opted for the option of building their own apartment while the money was avialable.Yes of course, there is nothing like having your own house it is good to have your own apartment than renting apartment, if actually you have the money it's more better than paying rent, so I prefer owing house.
In my opinion, I think the purchase of a house in monthly installments is more advantageous than renting a house. This is because even though you will pay a premium, when the purchase is complete, the house is yours and you will not have to undergo the stress of paying for rent againThe overall cost of homeownership tends to be higher than the overall cost of renting. That is true even if the monthly mortgage payment is similar to (or lower than) the monthly rent. Here are some expenses you'll be spending money on as a homeowner that you don't have to pay as a renter: Property taxes.
Renting does not overburden one with EMI payments, house tax and other legal issues that are part and parcel ...
So what will you prefer for living renting a house or buy a house on MI?
I don't think there will be anyone that will turn down the offer of having to pay for a house he will eventually own by paying instalmentaly, Majority of persons will grab it with open hands and be making the payment in bits.If I can find an opportunity to own a house by paying for it in installment, I will gladly grab it with two hand. Paying for rent is not really easy. I can only rent a house when there's no option of paying in installment.