[divisoria_baclaran]

apartment bro, and make it looks like a hotel inside...

[ClippySexy]

Apartment for sure. Although I would love to own a nice big house, I don't like the idea of taking care of the whole thing lol. A nice looking apartment is in my opinion a better choice.

[mothered]

I used to own a home, with a huge back yard on a massive block of land.

I generated a lot of time maintaining both the house and garden. Never again, will I purchase a house.

[Boudica]

Build Your Savings. Along with the financial benefits of living in an apartment comes the opportunity to save for your future. The cost of running a house makes it more difficult to save for a “rainy day”. When your expenses are smaller by living in an apartment, you're better able to save more money.

Please be sure to review our rules as you have gravedug a rather old thread with it's most recent post made in 2019.

[JordanAvery]

I would love a house, only because I already have an apartment. Also, with this craziness with Covid, the lockdown, a house would be a lot better.

[Dismas]

20-30 years of rent payments could easily pay off the mortgage on a house. Houses can appreciate in value over time, whereas you'll get no return at all from paying rent on an apartment. That said, apartments normally offer certain amenities, like less maintenence/liabilities. For short term arrangements apartments are more reasonable.

[Boudica]

20-30 years of rent payments could easily pay off the mortgage on a house. Houses can appreciate in value over time, whereas you'll get no return at all from paying rent on an apartment. That said, apartments normally offer certain amenities, like less maintenence/liabilities. For short term arrangements apartments are more reasonable.

I completely agree with this. I'd also like to add, in some places (especially in my experience in the UK), rent can actually be significantly more expensive than a mortgage. However, due to past financial issues or low credit scores, those who are financially struggling, may often be left with no choice but to pay for the more expensive rent. There are also many alternatives, with different schemes helping people to get onto the property market.

In the long-run, I sincerely hope to be approved for a mortgage. As things stand now, I wouldn't get a penny approved xD

[mothered]

I'd also like to add, in some places (especially in my experience in the UK), rent can actually be significantly more expensive than a mortgage.

It's the same In my locality, which essentially Is a waste of money.

I understand that some people don't have a choice, but at least with a mortgage, you'd get to own the property ex-amount of years later.

[Boudica]

I'd also like to add, in some places (especially in my experience in the UK), rent can actually be significantly more expensive than a mortgage.

It's the same In my locality, which essentially Is a waste of money.

I understand that some people don't have a choice, but at least with a mortgage, you'd get to own the property ex-amount of years later.

I suppose one of the key problems is that there are too many who can't get a mortgage as our house prices are so steep few can actually be approved for the mortgage. The average is over 250,000 GBP. Our proportion of renters was only 10% in the 90s, but is now 25%. Although, renting standards have improved too.

source

[mothered]

I suppose one of the key problems is that there are too many who can't get a mortgage as our house prices are so steep few can actually be approved for the mortgage. The average is over 250,000 GBP. Our proportion of renters was only 10% in the 90s, but is now 25%. Although, renting standards have improved too.

I totally agree.

In my country, house prices are ridiculously high and few people can afford to take out a mortgage. The majority are either renting, or opting for one or two bedroom apartments away from the city- where prices are a lot cheaper.