Drawing Conclusions: Is renting really a waste of money? Posted on September 14, 2018 chicago hotels Conclusions dallas hotels drawing home ownership hotels hotels in chicago hotels in florida hotels in las vegas las vegas hotels money Money (Quotation Subject) mortgage Owning a house Personal Finance (TV Genre) private jet Real Estate (TV Genre) rental property renting Renting (Industry) travel travel vlog vacation Waste 24 thoughts on “Drawing Conclusions: Is renting really a waste of money?” I would have been better to stick my $300,000.00 in the bank instead of putting it into real estate in Canada! Because the damn laws of secret filing allowed for our home and properties to be stolen without our even having the right to be notified. Now homeless and life savings gone fighting in court 4 years and still no way to get justice… Only province that has protection in law for registered owners is Saskatchewan. I should have there. I closed down my fight, too sick to keep fighting our government all by my self. http://www.rights4realestate.com Reply dude if you can afford two fucking grand to rent anything ever you probably already have a house like what the fuck do YOU KNOW WHAT RENT COSTS Reply Renting is not bad at all. The difference I believe is that if an individual doesn't have good capital to start with, his best route is to rent. But if an individual has good capital, is the contrary, is better to buy. Specially if it can be bought in cash. "Buying" like you said its literally renting for over 25 years. That's half a lifetime if lucky. That's a lot of time if you ask me. But many people don't have a choice because they're not rich.This is similar to car leasing or buying. The only and maybe huge downside of renting, is that you'll do it for all of your lifetime and will never own. But owning is pretty much a lifetime rent at the same time literally. In other words, rich people spend very low money and regular people spend way more money. Rich people everything is cheap and for poor or regular people everything is expensive. Of course there are way too many things to take into account when it comes to buying or renting a home which both can be good or bad. But I believe that for people that aren't rich renting could be a better route. And if you're rich, just buy in cash, plain and simple. Reply A mortgage is risky and dumb. Decades later you could loose everything. I bought land, slowly built the house properly, have water catchment, solar, and property taxes are only a couple hundred bucks a year! THis guy is helpless, institutionalized from being brainwashed in a college, and sure does seem to be nuts. Reply I didn't learn this is school because?? Reply Nice thing about renting is after a year you just get up and move. No banks. No real estate agents, no lawyers. No closing agents. No divorced spouse to consult. Reply Honestly, I do not give a damn for Lexington Law and other credit repair companies. I had them help me several years ago and they took all my money without doing anything. All those items I paid them to remove were not done or updated. I could not get approved for literally anything so I tried fixing it myself by making use of some articles online that’s when I found the great man himself. He is the first and only successful hacker to ever fix credit scores successfully and I am a benefactor of his great works. However, if you are anywhere in the US drop him mail at pyramideye.hack @ outlook.com or text him here + 1 4 0 8 9 0 9 2 6 5 0. Reply well the owner will always send the bills, like tax and insurance to the renter. Also the renter is missing out on the state subsidized upswing in house prices. so I don't know. Reply It still aint urs till ur done paying it off in 30yrs anyway… u finance a car u dint own it the bank does u buy a home u recieved a loan for it the bank owns it.etc etc . Reply My issue with this is it treats housing as a commodity to to be used for investing and not a basic human right. Reply Or another scenario, Rodger Rents the home he lives in, and owns a home in the form of a rental property. So he uses his 35k as 20% down on a rental property that starts cash flowing him, after 30 years he has a paid off house paid for by the tenants, and cash flowed on a monthly basis for 30 years. Reply Depends what property tax rates are… Reply what is a portfolio in this situation? Reply Home ownership is for suckers. Reply I don't think I know a home/condo owner that hasn't paid a significant reno/repair cost on their home in 25 years. That would eat into the 100K difference a bit. If your time is money then homes eat up a lot more time cleaning, painting, shovelling, mowing e.t.c. Renting also provides flexibility if you have to switch jobs or want to take risks in a career. It comes down to values not money. Reply I still looking a $500.000 us house paying $2100 us of rentSomething is wrong Reply All this math would all look great if more people were able to afford a "HOUSE" let alone if banks would allow for more people to get loans. At the same time this economy we are in people are not getting paid enough to afford to rent with the rise in rent prices. Reply Very Thorough! Well Done! Reply how about buying a cheaper home? Reply Rogers rent is way too low for a $500k house. Kick hat up and the trajectory changes immensely. Reply The single man seriously needs to spend $500,000 on a house? Wtf? Reply alexa play desposito Reply Another scenario for 25 years from now- While Owen and Roger are away at a family reunion, an Islamic terrorist let into Canada by Justin Trudeau in 2020 detonates a dirty bomb destroying their infidel neighbourhood. While Owen loses everything because his insurance company believes that “diversity is our strength” and refuses to compensate because it doesn’t recognize Islamic terrorism, Roger’s loses are minimal and he is able to emigrate to President Ivanka Trump’s America under a new policy granting asylum to refugees from failed previously- developed countries. Reply I watched a video from this guy who lived in Korea mentionning that your employer will pay the rent when you find work there and I found that relationship between the two pretty interesting. Which situation do you guys think this could be applied best (or at all)? Leave a comment; this way we could generate ideas about the subject. many thanks!! ex: I live in Kaslo Canada, and pay 500$ for a room. Reply Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.