{"id":17697,"date":"2018-08-01T21:24:10","date_gmt":"2018-08-01T21:24:10","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=17697"},"modified":"2018-08-01T21:24:10","modified_gmt":"2018-08-01T21:24:10","slug":"why-rental-is-the-best-decision-for-students","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/why-rental-is-the-best-decision-for-students\/","title":{"rendered":"Why Rental is the Best Decision for Students"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Is <a href=\"https:\/\/www.thehouseshop.com\/property-to-rent\" title=\"renting a house\">renting a house<\/a> is a complete waste of money for students? There are several different opinions, which lobby for not renting but buying your own place to live. Some of them sound like: \u201cWhy pay the landlord\u2019s mortgage when you can pay your own?\u201d or \u201cIf you are subletting, you are just throwing your money away\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At some point in his or her academic career, every student must face this dilemma: should he or she rent or buy a place of accommodation?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What are the benefits of renting for students and how can you make the best decision concerning where to live when you study at college? To get an inside scoop on what\u2019s really going on, let\u2019s start from the very beginning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the one hand, real estate is one of the safest ways to invest capital. And if you have the money, why should you go through the trouble of renting a home? We\u2019ll discuss all the positives and negatives of renting and buying.<\/span><\/p>\n<p><b><img loading=\"lazy\" class=\"aligncenter wp-image-17698\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/08\/image-1.png\" alt=\"\" width=\"600\" height=\"380\" \/><\/b><\/p>\n<h2><b>Buying is still a form of rent<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When you lease a house or flat, you are absolutely not throwing your money away, as you are getting something in exchange for it \u2013 a place to live. This means that you are leasing space for a certain period of time, and it has no value to you once your payments stop.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you buy \u2013 you are still renting. Instead of leasing space, you are leasing money, typically in the form of a mortgage. The difference is that the money you\u2019ve borrowed is used to by an asset that you hope will appreciate. It helps that you also happen to live in it. In this situation, the mortgage payment consists of a blade of the money you\u2019ve borrowed most commonly, as well as any payment against the balance you\u2019ve borrowed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-17699\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/08\/ths-2.png\" alt=\"\" width=\"607\" height=\"401\" \/>Dido, an English pop star, has an awesome song called \u201cLife for rent\u201d. The beautiful words poetically point out that nothing we have is ever truly ours. And from a philosophical point of view, it is really the truth, as we don\u2019t know how many years we are going to live. Yet we continue to take out loans we must pay back for 50 years.<\/span><\/p>\n<h2><b>\u201cThe rule of 10\u201d<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In most developed countries, when comparing the price of subletting a house or buying your own, it is common practice to use \u201cthe rule of 10.\u201d It is deemed that the sum total of leasing a domicile for 10 years should be equivalent to the total price of said habitat. As such, if the sum of your rent is greater than the overall price of the house, you should look to buy it, rather than let. <\/span><\/p>\n<h2><b>Why do we buy?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We all live in an unstable world and we are often ready to pay twice the price for even a bit of guarantee. \u201cOne bird in hand is worth two in the tree,\u201d after all&#8230; If, for instance, you seek guaranteed high-quality help for a low price on an essay or term paper, you\u2019d do well to<\/span><a href=\"https:\/\/customwriting.com\/\"> <span style=\"font-weight: 400;\">view customwriting.com website<\/span><\/a><span style=\"font-weight: 400;\"> to find the best specialists ready to help you in a short time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Likewise, when buying a home, we can rest assured that we won\u2019t be evicted any time from our place of living by its owner. We also like to make everything to our liking without having to argue with the owner of the home.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When we buy a car, we want to make sure that it is accessible any time we need it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We only have 24 hours in a day. How much time do you spend on your things, like a car, clothes, smartphone, and bicycle? Do you spend enough time on the most important things to you? It might be 5, 8, or 10 hours per week if you\u2019re lucky. The rest of your things are generally done out of action while they could just as easily be spent serving someone else.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When we buy an item that could be let, in part, we are paying n for a sense of confidence and security. Moreover, this feeling frequently has little connection with the reality. We can never be guaranteed that any disaster, be it war or earthquake, would never level our house to the ground. Further, we have no guarantees that our car won\u2019t be stolen or our jeans won\u2019t be (unintentionally!) ripped.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That is why when you see a student living with peace of mind in a contracted property \u2013 extent your hat to him or her. This person has a steel sense of moderation. He or she is not looking for guarantees, but a chance to live well in the moment.<\/span><\/p>\n<h2><b>Visible pluses of renting<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">&#8211; \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Mobility and diversity. You are not tied to any place and you can switch your domicile almost as often you like.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0An absence of household responsibility. \u00a0It is very convenient that if something is broken, the property owner must come and resolve this issue. This is especially good if you\u2019re not especially good at fixing things by yourself <\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8211; \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Financial freedom. When you rent, you are free from all mortgage obligations and you don\u2019t put your life on loan.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is renting a house is a complete waste of money for students? There are several different opinions, which lobby for not renting but buying your own place to live. Some of them sound like: \u201cWhy pay the landlord\u2019s mortgage when<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/why-rental-is-the-best-decision-for-students\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/why_rental_is_the_best_decision_for_students","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17697"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=17697"}],"version-history":[{"count":1,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17697\/revisions"}],"predecessor-version":[{"id":17700,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/17697\/revisions\/17700"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=17697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=17697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=17697"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=17697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}