Pay rents vs pay mortgage with high Interest rates?

[Ravi860]

Pick your poison annatlu undi situation!

If one buying home now will pay more money towards interests compared to rents. Emantaru?

What are your thoughts for home buyers from now to next 1-2 years!

[Sreeven]

It depends on your living style etc..america lo idhi better adho better ani eam vundadu..it depends on you...india lo 8 to 10% interest pay chestaru..personal loans 18 to 22...

[Epic]

[Ravi860]

Just now, Epic said:

serious replies pls

[Epic]

Just now, Ravi860 said:

serious replies pls

You could always refinance, so buy a home if you can afford.

[sarvayogi]

21 minutes ago, Ravi860 said:

Pick your poison annatlu undi situation!

If one buying home now will pay more money towards interests compared to rents. Emantaru?

What are your thoughts for home buyers from now to next 1-2 years!

Though you can afford smart way is to rent for now. Both home values and interest rates are exorbitantly high

Think of it this way..

If you have to pay rent or home EMI from pay check which is your active income..better rent

If you already have some investments and get you passive money like some 500-1000 a month which is literally free money they buy a home. Though rates are high you are partly paying with not hard earned money but with just returns

[texas]

25 minutes ago, Ravi860 said:

Pick your poison annatlu undi situation!

If one buying home now will pay more money towards interests compared to rents. Emantaru?

What are your thoughts for home buyers from now to next 1-2 years!

You can always refinance when rate get low bro 

[BeerBob123]

Buy RV uncle 

[areyentiraidhi]

 

@1.40

[Thokkalee]

Always buy a home if you can afford.. but don’t go for bigger and expensive homes so that you can boast of it to your friends.. avoid expensive areas.. 

[csrcsr]

1 hour ago, Ravi860 said:

Pick your poison annatlu undi situation!

If one buying home now will pay more money towards interests compared to rents. Emantaru?

What are your thoughts for home buyers from now to next 1-2 years!

There is fa tor of luck bro always 50 50 opinions untayi with so called analysts out there, if yiu can afford if YOU and YOUR FAMILY (nit friends ow showing off) and you think you can manage payments with 5 months of reserves go for it ,  nee job security nee savings niku matrame telusu

[meri_zindagi]

1 hour ago, sarvayogi said:

Though you can afford smart way is to rent for now. Both home values and interest rates are exorbitantly high

Think of it this way..

If you have to pay rent or home EMI from pay check which is your active income..better rent

If you already have some investments and get you passive money like some 500-1000 a month which is literally free money they buy a home. Though rates are high you are partly paying with not hard earned money but with just returns

Would it be enough ?

[sarvayogi]

2 minutes ago, meri_zindagi said:

Would it be enough ?

thats why I said partly paying ... if home EMI is usually 4000 and you paying 5000 now due to inflated prices .. the additional if from passive income then ideally you are paying only 4K right..Thats what I meant

[meri_zindagi]

1 minute ago, sarvayogi said:

thats why I said partly paying ... if home EMI is usually 4000 and you paying 5000 now due to inflated prices .. the additional if from passive income then ideally you are paying only 4K right..Thats what I meant

gotcha.. but passive income is not free money no. 

[quickgun_murugun]

1 hour ago, Epic said:

You could always refinance, so buy a home if you can afford.

Interest rates inkoka 4-5 years inthey highs untey waste to pay such high interests on the fake inflation home prices ! 
Aa tarvatha nuvvu refinance kottina waste ! Full cash payment tho atleast 40% down payment tho kontey that too for your primary residence it’s worth the hassle. Otherwise don’t waste your hard earned money paying heavy interests and then on top Texas lanti places lo heavy property taxes ! 
all holes lo fcuked up situation for many