Is it really good idea to buy house or to rent aparmtent?

I moved out of my parent house and im trying to decide whether i want to get a house or rent a apartment. I have good job, nice car and no debts ( except for the car) is it good idea to rent apartment to build your history just so you can get better interest rate?Is it really good idea to buy house or to rent aparmtent?
In addition to the question of how long you plan on staying, another important one is the climate of the market for buying versus the market for renting. Yes, renting means that you are not building equity, but at this point in the market you can get a lot more living space by renting. Compare the rent for a property with what it would cost you to pay a mortgage on a similar property. I just looked into buying a few months ago and decided against it after I realized that I can rent my townhouse ($1600) for way less than the mortgage would be if I bought it ($430,000, probably about $2800 a month).Is it really good idea to buy house or to rent aparmtent?
Renting is like flushing money down the toiletm build an equity in something, even a mobil home or a condo before you rent.
Your main thing to consider is how long you plan to stay at your new place. If you want to stay in it for at least 3 years and you can qualify for a house, I would get into a house. You would then be paying a mortgage for yourself, not somebody else's mortgage as a tenant (leasing). If you don't plan to stay in the place more than 3 years, then leas, but stash money away to save for a better down payment for a house in the future. You are already creating credit with the car loan.
I personally think that owning a home is the better choice if you can afford the taxes every year %26amp; all that comes with home ownership.Why pay rent when you can pay a mortgage?And,,you have more rights as a homeowner.
Buy a house as an investment based on how much you want to work at it.





You can buy a house with rooms to rent to pay the mortgage, but that is a whole lifestyle's worth of work.





You can buy an apartment building and make a complete income out of it if you are really ambitious.





The interest rates will drop at some point and you can then refinance, so that is not such a big deal. It's a buyer's market right now.





I would pay off the car first if you have the cash, or if you are really disciplined you can cycle the debt through different loans and credit cards. That'll definitely help your credit score if you are good at it.





Or live in a tent and learn to trade stock if you really love money.