When does having to rent a house become the better financial decision over owning your own house?

[Kross]

Most people prefer to own their houses. It is always adjudged the better financial decision if one can afford than having to rent a house. But I believe that there are times when having to rent a house to live in would be a better financial decision. Which situations could make renting a house a better option financially?

 

[King Belieal]

If you are not certain of your income level to be stable enough to cover cost of mortgages, it is better that you rent a house.

 

[eLdavis]

The truth of the matter is that you need money to be able to have your own house. In a situation where you cannot afford this, renting your own house would be a better choice.

 

[Springtime]

Buying a house requires a lot of money. If you are not ready, you have to rent a house or apartment instead. Also, if the housing price is dropping, you may want to wait for a while before buying. In such situation, renting is a better choice.

 

[Fidelia]

The truth of the matter is that you need money to be able to have your own house. In a situation where you cannot afford this, renting your own house would be a better choice.

That's true. You won't stretch to own a house when you know that you won't be able to afford it. Renting is the best choice here.

 

[eLdavis]

That's true. You won't stretch to own a house when you know that you won't be able to afford it. Renting is the best choice here.

Yes, overtime you can start planning on how you can buy yours or build yours. There have been several cases where people move from a rented house to their own house.

 

[Augusta]

The simple truth is that if you don't have money to go for a house then renting one would suffice in the interim

 

[freelancermaria]

I wish I could buy a house, but I can't afford it. I don't earn enough money, and I also support my parents financially. I'd prefer a budget-friendly rental. I look forward to being able to afford it one day. It won't be easy, though.

 

[Augusta]

Another is if you have someone you want to share your house rent with. Go ahead with it