(don't think there's a thread like this....)

Well, just as the topic says... leasing or owning? Which do you prefer? Which do you do? And what are some of the pros and cons of either that you find?

I own. Which, has a lot of pros, but has some cons as well. I like that fact that I own my own home so I never have to worry about not having a home. 🤣 Another good thing (though not in my case since I inherited it) is that you don't feel as though the money you pay monthly is going to "waste" (a lot people I know mention this). You actually have something to show for it. And with owning, you can make any improvements or changes you want to and not have to worry about someone telling you no.
I find some cons as well though. Unlike with leasing, when problems arise, you have to deal with them. And depending on the situation, can be extremely expensive and stressful. And with leasing, when you decide you want to move somewhere else, you can without the worry and stress of selling. Especially right now with how poorly the market is going. If I decided to move and sell my home I wouldn't get nearly the amount my property is actually worth.

If it weren't for the gutter, my mind would be homeless.

Owning.
It comes cheaper
on a long run, assuming
leasing does not only apply
for a cottage in Alaska
and owning for a lagoon
with a manor.

Leasing comes handy if you
aren't staying in one place for
a long time, for example, change
your dwelling once a year.
For now, I am not on the run.

Owning...

My current accomodation is paid monthly as rent.. I find it very inconvinent to live in a house dat is owned by my landlord.. there's so much rules..

..plus, my room is small and they often bother me to come join them for dinner which is obvious that i dont like such activites since I'm a shut-in type of person... >___>

someday, I'll own a small house or an apartment room where there's 100000% privacy and PEACE.

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[color=black]The Hidden Agenda=[/color][color=red]Gol.D.Ace[/color]

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DoLL (Okado Tatsuya)
Xp

I'm pretty sure most people would like to own their own place of residence... but it's not always as simple as that.

Where I live (Singapore) the cost of homes is ridiculous.... one of the members on MU once told me the monthly rent I pay for my condo unit could pay for an entire semester of college in some US states. O_o ... no idea whether that's true, but if I were to buy the current place I live in, it cost more than a million USD easily (and it;s tiny). I did think about it long and hard, but decided to just rent instead.

I already have bought a beach home in a nice island in a neighboring country which will be ready by the end of this year, but my career currently keeps me where I am, so I have no idea whether I'll move there eventually.

When I do decided to pack my bags and move in the next few years (I'm near retirement age), it will either be that beach home I bought or maybe I'll buy home in another laid back country like Australia or New Zealand.

Point & Squirt

Own. Otherwise it's just a black hole you're throwing hard earned money into.

On the downside, unless you hire a rental management agency to take care of it (for an annoying cut), you're going to have to take the call when your tenants plug their toilet at 3AM. And then you get to supervise the fix from three time zones away.

I also have issue with the American legal system's concept of private propery. Authorities need a warrant to get into my home, but if I live in someone else's building, the owner can let people in at anytime. Not that I have things to hide, but the owner can invite prospective renters in to tromp all over my good stuff with their dirty shoes. And I keep my yoai/yuri/hentai on the shelves too...

It's nice to own your own home, but sometimes it's just not practical. When my dad was in the military, we knew we were only going to be staying in one place for three years, tops. Buying a home every three years is too much; my parents own their own home now (actually, they own their own home and one down the street), but they waited until they knew they were staying put for longer than 3 years before doing so.

I am a breath of insanity in a world of chaos.

Me: Performing Random Acts of Klutziness for over 30 years.

If you're going to stay in one place for a while, owning is better, financially speaking. The money you pay each month is an investment that you will (hopefully) get back when/if you sell, unlike rent which is just gone. If you move pretty often then buying probably isn't worthwhile because of all the costs associated with buying a house (inspection, closing costs, etc.) though.

I rented in college & it was fine, because it was absolutely temporary. Now I own my house & it's great to be able to do whatever I want with it, BUT it's a pain in the ass to have to fix stuff when it breaks (god, I hate getting into the crawlspace...).

I would never, EVER want to own a house & rent it out. I worked for a property management company for almost four years, and the things that some people do to their rentals are just frightening.

I've seen places that probably hadn't been cleaned since before the tenants moved in...and they lived there multiple years. 🤢 More than a few places had broken water pipes because in spite of it being in the lease AND having letters sent out AND having notices posted, they turned their heat down too low before leaving for vacation. Several times tenants turned off the electricity when they left for vacation, evidently not realizing that the refrigerator runs on electricity, so everything in the fridge was nastily rotten when they came back...and they expected the landlord to replace the fridge at no cost to them. 🙄 The damage deposits don't even come close to covering the cost for fixing that kind of stuff, and while you can get a small claims court judgment against the tenants, if they don't have money, they can't pay it. Soooo many bad memories from that job... 🤢

"[English] not only borrows words from other languages; it has on occasion chased other languages down dark alley-ways, clubbed them unconscious and rifled their pockets for new vocabulary."
-James Nicoll, can.general, March 21, 1992

I prefer to lease a condo/apt or own a house. For now, i'm a city boy, love to have everything at proximity and not having to drive to do/get something, so I lease for now. I'd buy a house only when I'd settle down and have a prospective wife 😉

i like owning because leasing never lasts

Lalala~

OWN!
Build your assets, not someone else's.

[color=#ff0000]"“That's the difference between me and the rest of the world!
Happiness isn't good enough for me! I demand euphoria!” "[/color]

own. cuz i like to buy things >.< and its better (cheaper) in the long run

As if handcuffed, I'm bound to the memories of you...

Methinks some of these "own!!!!111" people have never had to deal with frozen pipes, clogged sinks, etc. by themselves.... 🙄 🤣 Sure is nice to be able to call a landlord for that stuff instead of either fixing it yourself or paying someone to fix it.

"[English] not only borrows words from other languages; it has on occasion chased other languages down dark alley-ways, clubbed them unconscious and rifled their pockets for new vocabulary."
-James Nicoll, can.general, March 21, 1992

I don't want to own my house. I'd just start hating it after a couple of months anyways, and want to move, then have to try and find someone to rent it out to.

And I don't want to go into debt trying to buy one anyways.

[img]http://s4.tinypic.com/23jr85h.jpg[/img]

If I had the money and was a stable adult with a job...I'd rather own a house than lease.

♪MONSTARR~ will eat all your cookies and steal your bishies~♪ Φ_Φ

i think i would rather choose leasing.

less trouble though costs more.