Renting or Buying

[OB418]

Hey everyone

I have just joined today. I am looking to move out from my parents house in the next few months but I am really tore between whether to rent or to buy.

Alot of people say I should stay at home and save money rather than rent, but is renting not the cheaper option?

Thanks very much for your time.

[brian]

Staying at home is usually the cheaper option as parent rarely charge their children market rates on rent!

At this point, a deposit will do you in good stead, but it really depends as to whether you are reasonably comfortable still living with them. :

[jana jackson]

Either renting or buying, you still have to deal with some form of payment. So my advice is see which option is cheaper for you and go for it . Goodluck broh...

[ed.fold]

It’s an interesting dilemma. Personally, you should be saving to eventually buy a property, rather than renting. With the market in it’s current state, it will incredibly difficult to get a mortgage and renting will take up a large percentage of your earnings each month.

[Joe Williams]

What you decide to do really will be determined by where you want to live. House prices and rentals vary across the country and in some areas buying property will be a better idea than renting, and visa versa. If you are looking at London, maybe renting is the best idea at the moment.