How can renting aptartment be better than buying one?

Question

How can renting aptartment be better than buying one?

Answer 1

if you want to buy in an area you are unfamiliar with, renting for a short time until you gain sufficient knowledge would be better. But for long term, buying an apartment building is better. I bought one twenty years ago and i retired at 41. Now i just collect rent checks and answer to nobody. Because of the real estate market shake out, now is a good time to be buying--but do your homework first--and never buy a building you would not be willing to live in yourself. Good luck!

Answer 2

Because you are not responsible for the overall costs and upkeep. If the roof leaks, the owner pays, if the foundation cracks or sinks, the owner pays, when the property tax is due the owner pays, when the drive way needs to be replaced........  Also, most people who purchase a house today will never live long enough to pay it off and really own it anyway. And those who are lucking enough to end up paying it off do so when they are in their senior years and by then most are living on a fixed or limited income and can no longer afford the upkeep or there health is failing and can no longer keep up with the physical demands of keeping up the home and just end up having to sell it after a life time of hard work and stuggle to have it! With buying comes more stress in your life!

Answer 3

You can walk away from a rental,if you decide to relocate

Answer 4

When the values are going down, it's better to rent.

Same as stocks, buy low, sell high.

Answer 5

When you rent you are buying your freedom.  If you want to move to Italy next month, go ahead.  A homeowner can't do that quite so casually.

Answer 6

Renting does not make you responsible for the upkeep and maintenance.

If you plan to move in the next couple of years, renting is better.

It is often cheaper to rent than own.

Many don't have strong enough credit to buy, but can rent.