Pros and cons of buying a property vs renting forever?

like
Posting as :
works at
You are currently posting as works at

I've known a few people that prefer renting because it gives them more flexibility to move around more frequently and experience living in different cities, so that's one perk for that.

I think it depends on your goals, ambitions and general financial status. If you're planning on starting a family obviously a home can provide a stable environment plus it's something you can eventually leave behind for them

There's some pros to renting like having the landlord (if you have good one) handle repairs and other housekeeping issues, whereas that responsibility would fall to you as a homeowner

This is a huge discussion topic and really there are a lot of aspects to consider to answer this question. I suggest this article to give you some perspective on your question: https://www.investopedia.com/articles/personal-finance/083115/renting-vs-owning-home-pros-and-cons.asp

Related Posts

Deloitte GPS Business Analyst vs Mercer Health Consulting Analyst?

Deloitte's offer is 7K more and in a cheaper area. Equal interest in both jobs, slight preference for Mercer for people + culture. Leaning towards Mercer because I graduate in Dec and can start in Jan vs having to wait until next summer for Deloitte + location (although higher COL)

Concerns:

Exit opportunities
Pigeonhole-ing myself into health consulting / How hard would it be to join Big 4 in a year or two if I don't like it

like

I’m confident in the actual “content” of my work when I put it to paper but I get so lost when I’m asked to transition that work to a presentable slide deck or some other fancier medium that will be shared around. Anyone have any tips on how to get better at this?

likeuplifting

Anyone know what a second year IB analyst pays at Scotiabank in Toronto? Not headline news like it is in the US unfortunately

like

Hi Fishes,

Is S&P planning to open offices?

like

Hello everyone, need a help from you.

Previously my HRA amount was 96000 per annum so I was submitting a rental agreement of full hra without giving pan card details of myself and first party.

Now I have recently joined a new company and here hra is 2.7LPA.

How can I claim the full hra amount? I live in a rented house where agreement is between owner and my dad. Also owner will not accept for a fake agreement too.

Any other alternative do I have to claim HRA? Your inputs are welcome here

like

Do you need to retain ALL the formulas I’m BEC ?

like

After Apple hiring manager expressed intent to hire, what's the elimination rate to get a denial from compensation group?

like

How does one find a mentor? Also how do you make 6 figures in the finance word?

like

Hi jelly fishes😎,

How much can expect salary pakage for a 5 yr exp
java+spring+Hibernate developer?
Loc:banglore
Im getting hr calls.. Current ctc -10 lpa🙌

like

Which equinox gym is the best in DC? I used to go to Equinox in Los Angeles and it was great. I tried the one in Bethesda and it sucked. Where should I try next?

like

I had my PM 5 on-site interviews at Google yesterday! It was great except for my last interview. My estimation was maybe a 5/10. A few things happened: it was introduced with only 10 minutes, there was a surprise extra person shadowing, and my interviewer turned her camera and mic off twice turning that part of call. I wasn't sure if I should keep going or wait and late I day, I couldn't stop from being thrown. Is there any value in letting my recruiter know that the interview didn't go well?

like

In a bind. Needing help folks... I’m moving to a high col city and two cars is going to be hard 😫.. I have a 330i touring (for practicality, daily) and a Porsche 993 c4s (fun, weekend.. kills me to sell this car).
Together both are worth 120-140k.
What would you get if only one car?

like

My goal is to be all of the pins in this bowl. So far I’m 2/2. Y’all gotta step it up 😤😤😤

funny

Are there benefits to working at a small shop versus a large agency?

like

Any idea why some big law firms are not on Chambers Associate?

like

So many Fishes in this pond looking for fun. Just put yourself out there and ask.

likeuplifting

Hi Fishers,

I have a very good referral | Interview guarented.

Role: Oracle PL/SQL Support Enginner. (JD attached)
Exp:2-7 yrs
Job Location: Greater Noida/Gurgaon/Banglore.
Offer will be much good from current market.
Company: Coforge (NIIT)

If anyone is interested, kindly comment or DM me for more details.

(Early joiners to 45 days) will be given priority.

Post Photo
like

I just discovered about Mega Backdoor today since my firm offers it. What’s the % or $K you put into it? Just want to gauge. Thinking of putting 10%.

like

I thought I would ask this here too because some of you may spend a lot of time at the Daley center and I’m dying to know the answer to this pressing concern.

The tree at the NW corner of Dearborn and Washington at Daley Center. WHY is it always covered with thousands of birds. I could walk across the loop and not see a single bird but when I get to DCP, every day, rain or shine or heat or cold, thousands of birds. What is up with this tree? Why is it special?

Post Photo
like

Someone should make Creatives Who are Down Bad.

funnylike

Additional Posts in Real Estate

Best trick I’ve learned as a real estate agent: if you are trying to sell a home, ask the homeowners to bake some bread or cookies. Sounds silly, but the smell will fill the house and make prospective buyers feel warm and cozy. It's like magic!

like

Tips for dealing with clients whose expectations are unrealistic?

like

I know NYC is a huge beast for real estate and it's a bit scary but nothing compares to the thrill of closing a deal in a multi-million dollar home. Happy homeowners, happy commissioned realtor!

like

What kind of training did your company provide?

like

Before you muster up the courage to run facebook ads to generate more leads as a realtor, figure out who is your ideal client. I mean really really think. Do you know what they’re eating? Do you know if they’re a fan of binge watching tiny home videos? Where do they currently live?

like

I’m looking to get into commercial real estate as an analyst (pref in acquisition side). I’m older (43) but I’m willing to start entry level. Do I need to know Argus and how to model deals are is that something I can learn on the job?

like

I am hurt that my friends who are selling their property did not consider hiring me as their agent. But I can't let them know how I feel without feeling pathetic.

like

Our office recently got a listing and as a realtor who's been looking for a home, I want it for myself. It's in my budget and it seems to be in good condition. Would it be unethical to keep it for myself?

like

Does anyone have any idea about how real estate works in Europe? I got an opportunity with a company in Germany but most of their listings are old buildings that I just don't know how they will sell.

like

I want to sell my house but there seems to be water damage and I’m worried someone will lowball me, what should I do?

like

I’d appreciate an honest answer : How much do residential real estate agents make in their first year of work?

like

Skip picking up your phone first thing in the morning to respond to emails and schedule in person showings. Instead, kick off your morning with meditation, exercise, and reflecting on your goals. Slingshot your day with massive momentum!

like

I am a real estate developer and I just lost about $10 in funding for a project because, after careful examination of the land we were going to use, they found out it’s unfit for construction.

like

How friendly are most of your company's agents with those from other firms? I know they are in competition for sales but do they generally try to be friendly with one another?

like

Hey is anyone up for a quick 2/3 hours of assistance to help list some vacant properties for rent on the rental sites like Zillow Avail. Turbotenant for just 3 hours and get paid $50 for this . Pls send a message if you can help with this Asap thanks

like

I am sick of being a realtor! I've been trying for 5 years and have only sold 3 houses. Where I'm from (small Southern town) nobody is buying. Most people's families already own homes and it's just a bummer to see all these nice houses deteriorating over time.

like

Does anyone else think it seems unethical to sell land to people who are working for other countries’ governments? It kind of seems like a security risk to me

like

I got an offer to work as a commercial real estate agent at Avison Young. My background is in residential sales. I’m wondering how complex working in commercial sales is.
1- Am I responsible for generating leads and networking just like residential?
2- Are there growth opportunities in this field; like is there a corporate ladder in this path to look forward to?
I. would like some advice to consider from those in the industry. Big thanks!!

like

What law protects tenants from abusive landlords?

like

Looking to get into a CRE analyst position. I’m in my early 40’s and have been a landlord and doing fox and flips for my own business. I graduated in 2018 and minored in real estate. In striking out in the few interviews I’ve gotten but haven’t had much luck w my resume despite accolades from those that have reviewed it. Wondering if it’s an age thing or maybe being self employed is a turn off. Any suggestions?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal