should i buy or lease a house?
79643
Im A Broker And Let me just say this.\nBUY BUY BUY  The reason is If you buy then its yours and the Banks When you lease You take Some risk with this venture I have seen people lease houses with the choice to buy and 5 yrs down the line the owner files chapter7 and you lose the house and your money then you try to sue the person who has no money left. Its just better to buy Taxes and everything else it will work in your favor. Dont be scared to Buy. If you buy the right house And keep it up and maybe do some work to it in 5yrs you can move and make money on the house. I know many people who buy a house that needs work They get it for 250grand do work to it and in 5 yrs they get 600thousand for it. its a investment and its a good one. But never buy the first one you see. look and compare. Check the area and The market for that area.\nGoodluck
269114
If you can afford a single-family home, then go for it.\nMost of the time, a single-family house would appreciate at a higher rate than a duplex or condos.  Also, depends on location, condos and duplex might take longer at time of resale. \nUnless you plan to move within a year or so, and plan to keep the duplex as investment property (rent to renters),\na single family house is a better bet.
379847
Depends on where you live and what houses cost in that area, and what sort of house you'd be willing to get. I think buying a house is a good idea if you can afford it. It can be cheaper than renting if you buy the right one. I don't care how cool your parents are, the sooner you have your own place the sooner you can live life your way. I'd recommend looking for a "fixer-upper" house that you can fix up yourself. It can be fun!
321925
Absolutely!!  You can either live on one side and have tenants live on the other side who basically pay your mortgage via their rent.  Or, if you are not going to live there, one half pays the mortgage, and the other have is positive income.  On top of that, house values go up basically every year.  So yes try to invest in MANY multi units, you will get very wealthy!
507770
Buy house that needs small repairs like new carpet, paint, new cabinets, new fixtures, landscaping. Always give the person a low ball offer with a house that needs work. I would then resell after one year so you don't pay as much taxes on your tax return.
26733
California is among the most overheated markets in real estate so buying now MAY get you into a financial mess by overpaying. Renting is always a waste of money. If you can get LAND at a reasonable price then building a home will avoid the profit you would pay a homeowner for an existing home. That's just my opinion.\n\nImran
611970
you should spend the money to speak with a real estate attourney. the mortgage may become/probably will become your responsibility.
1076130
I would say live in a low cost area if it's accessible to your job, is safe for your family, etc. The less you pay for rent/mortgage, the more you can pay on your other bills... just my opinion. :)
220031
Renting would give you the most flexibility. Your cash would also be available for investment, emergencies, etc.\n\nIf you rent you don't have worry about upkeep on your home and maybe no yard work. \n\nThe down side, less control over who your neighbors might be. Probably less privacy.
809254
Since I do not have a permanent roof over my head, I would buy a piece of land and build a house of my design.  this way for some bad luck, if I ever lost my job I do not have to worry about rent.
809731
Having the possibility, generally, it is better to pay cash and avoid repaying the interests of a mortgage...however, if you have just enough to buy the property, you might consider  paying 80% of the value of the house and getting a small loan. By doing so you would have some money saved for a rainy day...which you could put into an ISA and make up for the interest that you pay on the loan....
79604
Situational... \n\nIf you do choose to buy you will get equity over time and don't have to worry about mortgage rates inflating (unless you have an adjustable rate), you can also deduct some of your mortgage and real estate taxes, which you are unable to do otherwise unless you exceed the standard deduction. Depending on the rates, payment, market cycle etc. it can be better to take your mortgage and invest in mutual bonds and the stock market which sees a long term return of around 8 percent. Buying is not necessarily something you should do for the investment as there are other ways to get higher returns on your money *and often more reliably*. \n\nIt is probably not a good time right now to buy; right now it is generally a sellers market I think, as prices have recently been exploding all over the world. I’d save your money at this time and when the market cycle ///demand for houses drop and poeple are willing to sell for less, and then is a good time to buy and wait for it to turn into sellers market again to get a return on ur investment. \n\nLease for now and buy when the market stabilizes is probably going to be the best for you, but then I don’t know your situation.
435656
I see the appeal of every situation, here.  Living with your parents translates to very low living expenses.  Keeping your job means good income.  Buying  house builds equity for you in the future, and "locks in" your monthly housing payment...the bank won't ever raise your rent.  Finishing your degree can lead to more financially rewarding employment.  What if you could do it all?\n\nIf you kept your job and bought a house that you could just barely afford on your current income (and right now is an awesome time to buy, since there is very reasonable loan money available, still, and the housing market is down in value a bit), you could continue to live with the 'rents for the first 3-6 months while you spend your spare time painting, etc. to get your new place just right before you had to live there.  Ask anybody who has spent the first year living in HGTV wannabe chaos how much they wish they could have done that.  Make sure you get a place with 3-4 bedrooms and 2+ baths.  When your friends see your great new pad, you're going to find two of them who would love to live in a place that nice, and this is where the magic begins.  Assuming you've bought a $175,000 house (the market is wildly different in different parts of the country, so the math will be different, but you'll get the idea), you're looking at a total if maybe $1,400 for the payment with taxes and insurance.  Now, out of your pool of friends, there are going to be at least two of them who would love to (and are cool enough people) pay a mere $500 to live in this nice a house (as opposed to living in some tiny apartment).  You're now living in a $175,000 house for $400/month...kinda.\n\nRather than entering that money into the general income stream, put that $1,000/month away into a new savings account.  Even if you have to "raid" the cookie jar for those occasional end-of-the-month emergencies, you'll be socking away $10,000 a year.\n\nMeanwhile, take just one class per quarter while you keep your current job.  If you can commit to 2 years of this, here's what life looks like at the end of that time:\n\n*You own a nice house (well, actually the bank does, but you know what I mean)\n*You have $20,000 in your education fund\n*You have all the College credits you already earned, PLUS you've gotten 8 quarters' worth of those pesky History, or Math, or English requirements out of the way.\n*You're ready to take on a part-time job, and now only have to deal with your core classes for your major full-time because your housing cost is $400/month and you have reserve money to dip into.\n\nYou'll graduate ready to take that first job, and be able to live, alone, debt-free, in a nice house.
278472
rent arizona is big and home prices can go down trust me \n\nwait until it slows and then buy at a bargain
686671
Some of the pros are that you lock in the monthly rate and you can not be evicted at any point like on a month to month contract.  Also, leases are contracts between the landlords and tenants and they are all different, so pay close attention to all the lines in the contract.  Negotiate all you can before you sign.  The bad thing is that you are locked in and if you find a better deal you still have to pay til the end of the contract.  The way to correct this is to make sure you add a clause stating that say if you find a house you want to buy and exit the contract, you can buy your way out at a pre-planned price.  Be creative and negotiate all you can.
976830
You should have real estate to buy first.  Start with a fixer-upper and rent that out.  Using the income from that property, you can buy another house to rent out.  It is a very good idea to get into the market while it is @ a remarkable low
286106
House, no.  Stocks, yes (but only if you know which stocks to get :)\n\nReason, stocks are portable and you can take them with you.\n\nHouses, not normally portable.  Plus, you have to get a 30 year mortgage in many states just to have a comfortable monthly payment.  A house automatically implies you intend to stay longer.  Now, if you intend to keep the house when you move and rent it out or use it as a vacation home or retirement home (later), then it might be worth doing.\n\nOf course, it's just my opinion, it's really your decision.