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Is buying a house more practical than renting? What do you think?

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CodeRepublic

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Is buying a house more practical than renting?
« on: August 29, 2012, 02:39:16 PM »
Is buying a house more practical than renting? Ano  po sa tingin nyo?'

I need your unsolicited advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, going to 30 this month, and fortunately have a good source of income.

I am currently renting an apartment. I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.
« Last Edit: August 29, 2012, 04:47:07 PM by CodeRepublic »

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Is buying a house more practical than renting?
« on: August 29, 2012, 02:39:16 PM »

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IntraLover

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Re: Is buying a house more practical than renting?
« Reply #1 on: July 08, 2013, 03:28:12 PM »
Good Question.

Actually napapaisip din talaga ako e.

To think sobrang mahal na ng presyo ng lupa at bahay ngayon. Baka later on at long term computation e mas matipid pa ang mag rent kesa mag own ng condo unit or residential.


shepherd01

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Re: Is buying a house more practical than renting?
« Reply #2 on: August 10, 2013, 09:16:00 PM »
Invest your money. Then buy a house and buy the apartment you are renting.

Peace out!


Ken312

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Re: Is buying a house more practical than renting?
« Reply #3 on: August 15, 2013, 02:50:10 PM »
Buy the house if you have the money.. but what if wala kang pera?

Di ba mas matipid kung mag rent ka nalang? Kasi yung maintenance cost ng may bahay sobrang mahal.. para ka din nagrerent. lalo na these days.



GreenMoney

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Re: Is buying a house more practical than renting?
« Reply #4 on: August 26, 2013, 11:27:42 AM »
depende siguro sa need mo. if you are a family man mas maganda kung bibili ka na ng house. kasi long term mas matipid sya.

BoyAlvarez

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Re: Is buying a house more practical than renting?
« Reply #5 on: February 04, 2014, 01:11:50 AM »
Pag ang usapan ang Long Term, mas mapapamahal ka sa pag rerent.
Pag short term, mas makakamura ka.

The question is: Sobrang mahal nga ng House and Lot at mahirap ma-afford.

ang naiisip kong solution for this is instead na bumili ka ng house and lot, Buy a condominium instead, mas mura, at mas madami kang benefits, for example, security, sa condo may security guards at cctv, sa bahay, kailangan mo pang bumili, pero sa condo kasama na yun. Another one is yung amenities, sa bahay, may pool ka na ba kaagad? fitness gym at playground or basketball court? sa condo kasama na din yan. check mo dmcihomes.com para makita mo yung mga examples doon ng amenities.

Hope it helps!

jenicasoriano

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Re: Is buying a house more practical than renting?
« Reply #6 on: February 10, 2014, 03:46:30 PM »
Matagal na akong nagre-rent since naging independent ako, pero iba pa rin talaga yung idea na may sarili kang bahay na uuwian mo at matatawag mong sa iyo talaga. Saka, if makakahanap ka ng OK na housing loan or payment scheme, mas magiging possible yung idea na pagbili ng sarili mong bahay. At the end of the day, achievement din kasi ang pagkakaroon ng sariling nest kahit na todo tipid ka sa ibang bagay tulad ng kotse or iba pang luho na normal sa ating mga Pinoy.

Personally, thankful ako dahil ngayon may mga condo na since mas madali makahanap ng OK na location at meron na ring swak talaga sa budget mo in terms of transportation costs and other overhead expenses. Halos comparable lang din yung monthly payment nung ibang properties sa monthly ng bagong sasakyan.

RichPoorDad

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Re: Is buying a house more practical than renting?
« Reply #7 on: February 10, 2014, 05:08:41 PM »
I think long term yes!
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BoyAlvarez

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Re: Is buying a house more practical than renting?
« Reply #8 on: February 10, 2014, 05:54:29 PM »
Eto pa isang angle na baka gusto mong tignan, Depende din sa location. Kung balak mo kumuha ng house and lot sa city, mahihirapan at mas mapapamahal ka, sa province, oo advisable na house and lot, pero sa city, medyo magdadalawang isip ako kung ako sayo. And yung mga condo/apartments kasi, kadalasan itinatayo sila sa malalapit na establishments, schools, hospitals, offices, etc. Now, kung hanap mo ay bahay na malalapit sa mga yan, medyo mahirap at mahal nga.


CodeRepublic

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Re: Is buying a house more practical than renting?
« Reply #9 on: February 13, 2014, 11:19:53 AM »
Thank you all sa mga advise, i really appreciate your feedback on this matter.

Ok din siguro yung mga rent to own na mga condo? What can you say about these condos?

@Boy, oo nga e. masyadong mahal ang house and lot these days. Hay. pangarap ko pa mandin .

Pero kasi ang condo based sa mga nababasa ko dito may duration lang sya like 50 years lang ba ? parang after 50 years gigibain na. hidni kasi sayo yung lupa e. .. tama ba intindi ko ?

BoyAlvarez

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Re: Is buying a house more practical than renting?
« Reply #10 on: February 18, 2014, 09:41:13 PM »
Thank you all sa mga advise, i really appreciate your feedback on this matter.

Ok din siguro yung mga rent to own na mga condo? What can you say about these condos?

@Boy, oo nga e. masyadong mahal ang house and lot these days. Hay. pangarap ko pa mandin .

Pero kasi ang condo based sa mga nababasa ko dito may duration lang sya like 50 years lang ba ? parang after 50 years gigibain na. hidni kasi sayo yung lupa e. .. tama ba intindi ko ?

Depende din siguro yan, hindi lang siguro 50 years, pero dapat syempre habang mas maaga, mamaximize mo yung condo mo para ROI ka kaagad.

Yung mga rent to own, okay din yan for long term. Kaysa yung rent lang.

WorldPerksPH

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Re: Is buying a house more practical than renting?
« Reply #11 on: February 19, 2014, 04:30:06 PM »
I cant help but become cynical and skeptical...  If one is saying na 50 years lang ang lifespan ng condo.. then pano na after 50 years?

I mean meron na bang policy na nangyari na talagang giniba yung building after 50 years? e kelan lang nagblossom ang economy at naging standard ang condo living neto nalang 90s siguro.


Check it here.

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BoyAlvarez

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Re: Is buying a house more practical than renting?
« Reply #12 on: February 25, 2014, 05:14:46 PM »
I cant help but become cynical and skeptical...  If one is saying na 50 years lang ang lifespan ng condo.. then pano na after 50 years?

I mean meron na bang policy na nangyari na talagang giniba yung building after 50 years? e kelan lang nagblossom ang economy at naging standard ang condo living neto nalang 90s siguro.


Oo nga, wala pang 50 years noong nagsimula etong condo living. Siguro naman may makukuha ang mga unit owners pag gigibain na yung building sa sobrang kalumaan.  ;D

tath_logan

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Re: Is buying a house more practical than renting?
« Reply #13 on: March 02, 2017, 06:05:40 PM »
well kung pang long term hanap mo mas okay talaga ang may sarili kang bahay saka for me kasi iba yung feeling na makikita mo until pag tanda mo yung nainvest mong bahay, pero as of now nagrerent ako ng condo sa DMCI pero oks din sya pwede rin naman maging rent to own yung unit.

NeoGemini

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Re: Is buying a house more practical than renting?
« Reply #14 on: March 15, 2017, 07:26:33 PM »
well kung pang long term hanap mo mas okay talaga ang may sarili kang bahay saka for me kasi iba yung feeling na makikita mo until pag tanda mo yung nainvest mong bahay, pero as of now nagrerent ako ng condo sa DMCI pero oks din sya pwede rin naman maging rent to own yung unit.

kuya magkano monthly bayad mo?

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Re: Is buying a house more practical than renting?
« Reply #14 on: March 15, 2017, 07:26:33 PM »

 

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