promotion image of download ymail app
Promoted
Ryan asked in Business & FinanceInvesting · 7 years ago

Is renting a bad investment?

Is renting a place to live a bad investment?

3 Answers

Relevance
  • 7 years ago
    Favorite Answer

    Renting isn't an investment. You gotta live somewhere. If you can afford to make mortgage payments and intend to live in the house after the loan is paid, of course it's better than making rent payments all that time. But when you're planning on staying somewhere for only a few years, renting is often wiser than buying a house. The last five years has shown just how badly you can get burned in the short term.

    • Commenter avatarLogin to reply the answers
  • 7 years ago

    Its okay while you are getting together things such as saving, school and credit but once you get things together. Its better to Own something that you can paint bright pink if you want too plus dealing with landlords that refuse to fix something is a headache

    Take Care

    • Commenter avatarLogin to reply the answers
  • Anonymous
    7 years ago

    I would say so, after years you've spent alot of money, yet own nothing. Unless its very temporary I wouldn't advise.

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.