No, it can actually save you money in the long run if it's to help you get out of debt and save up for a down payment. It also demonstrates patience and wisdom.
I agree with Kaitlyn, it can demonstrate wisdom and patients if you are doing it with a plan to save so that you can make a big down payment or even pay the whole price of the house.
No, not really. Unless you made a really bad renting decision. Renting for a period of time can help you save more money to buy a house in the future. It can also remind you that you are trying to reach goals with your money, and thus motivate you to keep up on good monetary habits.
In a sense yes, because you can never get the money back, but it's a worthwhile decision because you're saving money in the long run. You'll have more to put in a down payment, which means you'll be dealing with a smaller mortgage.
No, you are not throwing away money when you rent. In the long run, you will have saved more than spent. You would have saved enough for a larger down payment meaning a smaller mortgage.
No, it can actually save you money in the long run if it's to help you get out of debt and save up for a down payment. It also demonstrates patience and wisdom.
ReplyDeleteI agree with Kaitlyn, it can demonstrate wisdom and patients if you are doing it with a plan to save so that you can make a big down payment or even pay the whole price of the house.
ReplyDeleteNo, not really. Unless you made a really bad renting decision. Renting for a period of time can help you save more money to buy a house in the future. It can also remind you that you are trying to reach goals with your money, and thus motivate you to keep up on good monetary habits.
ReplyDeleterenting i a good idea because you can save up for your down payment while you rent instead of having no down payment and buying
ReplyDeletetravis
No you are saving in order to buy a home but you shouldn't stay a renter for to long. This will hurt you in the future.
ReplyDeleteAdam
No because you are paying less than you are paying for the downpayment of a house and your not paying the same amount as you would a mortgage.
ReplyDeleteIn a sense yes, because you can never get the money back, but it's a worthwhile decision because you're saving money in the long run. You'll have more to put in a down payment, which means you'll be dealing with a smaller mortgage.
ReplyDeleteno
ReplyDeleteNo, you are not throwing away money when you rent. In the long run, you will have saved more than spent. You would have saved enough for a larger down payment meaning a smaller mortgage.
ReplyDeleteAutumn
No. It helps you to build a larger down payment which will help you later.
ReplyDeleteeyezik
Not unless you were unwise in choosing a place to rent. renting for a time can be very helpful.
ReplyDeleteNo. You can actually save money by renting.
ReplyDelete