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Is it better to rent or buy an Apartment in the long run?

9 Answers

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  • Gonzo
    Lv 5
    1 year ago

    It's better to buy your own house, Tosser 

  • 2 years ago

    depends on the area

    location

    location

    location

  • 2 years ago

    i think its better to buy

  • 2 years ago

    If you are thinking long-term then its better to rent. If nothing else a mortgage is paid off after 25 years, you pay rent til the day you die.

    Buying also gives you more 'freedom'. Freedom to move a partner in, freedom to have a roommate to help with the bills, freedom to decorate as you like and when you like etc .. Try doing that with a landlord.

  • Anonymous
    2 years ago

    Buy, If you intend to remain in the area for YEARS,

    A statistic used to say people move every two years, so if that is the case then Rent.

    I have lived here 57 years. so I balance out the people who move every few months.

    "As of 2018, the median duration of homeownership in the U.S. is 13.3 years. However, homeowners in some cities have moved more recently—or more frequently—than groups in the rest of the country."

    https://www.valuepenguin.com/how-long-homeowners-s...

    The average resident of a single-family rental home stays for three years. Stays of five or six years are not uncommon.

    https://www.nreionline.com/single-family-housing/s...

    Average Apartment rental stay is so fluid that I cannot find stats.

  • 2 years ago

    It actually depends on the cost of each. I have rented. I am an owner with no mortgage. My taxes alone are over $4,000 per year. Add some for maintenance. Add some for utilities. It is no bargain. Further, I earn no interest on my investment. About $160,000 in value. Loss of interest on that amount is about $7,000 after taxes

  • Anonymous
    2 years ago

    renting is pissing money in the wind

  • Anonymous
    2 years ago

    Nope.............................................. buy.

  • Maxi
    Lv 7
    2 years ago

    Long term? Buy....................

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