by Guest999 » Fri Oct 09, 2020 1:07 am
The only answer, "It depends."
A great price, is a great price, whether that is a low rent or a low sales price. Buying makes most sense if you want to live in it and, once you consider selling, are able to wait, if needed, for a price you are happy with. If easy freedom to move is important, there is nothing stupid about renting long term. Sure you can't win BIG, and many people with property do, but renting lets you put your time, $, and energy to other stuff.
Now should be a good time to buy, OR lock in a good cheap rent.
For me, I'm hoping to buy land adjoining different pieces I already have. Yet, while not looking for new areas, I'll consider small, great opportunities if they feel safe. (That empty 4m x 20m slice beside the Casino might go up 1000% in 24 months or less, but unless you are power, you might well get zero for it too.)
The only answer, "It depends."
A great price, is a great price, whether that is a low rent or a low sales price. Buying makes most sense if you want to live in it and, once you consider selling, are able to wait, if needed, for a price you are happy with. If easy freedom to move is important, there is nothing stupid about renting long term. Sure you can't win BIG, and many people with property do, but renting lets you put your time, $, and energy to other stuff.
Now should be a good time to buy, OR lock in a good cheap rent.
For me, I'm hoping to buy land adjoining different pieces I already have. Yet, while not looking for new areas, I'll consider small, great opportunities if they feel safe. (That empty 4m x 20m slice beside the Casino might go up 1000% in 24 months or less, but unless you are power, you might well get zero for it too.)