JessiccaThe Urban Lifestyle of Singles – Rent or Buy?
November 21st 2006 05:52
Recently I went to check out the new apartment rented by my friend, who was wondering whether I would like to move in and share some rental expenses with her. When I arrived there, it was rather small, and doesn’t have the size of the room that I am currently renting, which is situated at the old link house nearer to where I am working now.
Later I have another friend who recently moved to a new city in Germany went through the same process of finding his own small apartment and the rental cost more than what I am paying (if we look in the sense for an apple to an apple). Yet the conveniences like 10 minutes walk to his office was good enough to convince anyone that it was a better deal than to drive to work.
Then it occurred to me. Does most singles working in the urban city usually rent their own apartments and live by themselves? I know the fact that there are a few of my friends in Europe does that, and surprisingly, singles in Malaysia are starting to do the same, renting a small apartment or a flat to stay. I was fortunate to rent a room with the accompany of other 3 tenants, who are friendly and keep the house alive, rather than coming home to your cosy home, alone.
I also bump into the CD series of “Sex in the city” where New Yorkiens also rent or own their own apartment. My friend who use to worked in Las Vegas does the same.
The question came in. If you are looking into a long term staying and working in an urban city, far from your hometown, would you consider of renting a place or your own, or perhaps sharing a house, or even, investing an apartment or a house yourself? Even females nowadays tend to buy their own place, however small it is, as investment to rent out or to stay.
Things to Ponder:
Money wise – would continuously renting a place, nearer to work perhaps, in a city that you are staying longer than 3 years be wiser than to have your own property (apartment or house) be wiser for singles out there?
Social wise – would it be better to stay by yourself, be independent and have those freedom to have little parties on and off, or, co-inhabit with other singles / young couples enhances your social life?
I suppose it all boils down to whether you can afford for a place or whether you prefer to be alone.
What do you think? Each person is unique and I would love feedbacks on what you think about the modern single hood in the urban city these days.
Later I have another friend who recently moved to a new city in Germany went through the same process of finding his own small apartment and the rental cost more than what I am paying (if we look in the sense for an apple to an apple). Yet the conveniences like 10 minutes walk to his office was good enough to convince anyone that it was a better deal than to drive to work.
Then it occurred to me. Does most singles working in the urban city usually rent their own apartments and live by themselves? I know the fact that there are a few of my friends in Europe does that, and surprisingly, singles in Malaysia are starting to do the same, renting a small apartment or a flat to stay. I was fortunate to rent a room with the accompany of other 3 tenants, who are friendly and keep the house alive, rather than coming home to your cosy home, alone.
I also bump into the CD series of “Sex in the city” where New Yorkiens also rent or own their own apartment. My friend who use to worked in Las Vegas does the same.
The question came in. If you are looking into a long term staying and working in an urban city, far from your hometown, would you consider of renting a place or your own, or perhaps sharing a house, or even, investing an apartment or a house yourself? Even females nowadays tend to buy their own place, however small it is, as investment to rent out or to stay.
Things to Ponder:
Social wise – would it be better to stay by yourself, be independent and have those freedom to have little parties on and off, or, co-inhabit with other singles / young couples enhances your social life?
I suppose it all boils down to whether you can afford for a place or whether you prefer to be alone.
What do you think? Each person is unique and I would love feedbacks on what you think about the modern single hood in the urban city these days.
| 64 |
| Vote |
Subscribe to this blog
Comment by pegasus
Poker Addict
Comment by Jessicca
Learning Something Everyday
Daily History
Malaysia Found
Thank you for your priceless comment!
So, usually in Canada when you have your own place would you be renting the place or owning yourselves? I mean you don't have to have your own property immediately, but which would be better?
Rent or Buy?
Cheerio
Jessicca
Comment by pegasus
Poker Addict
At first we rent because, of course, young people do not have so much money. Many people wait until they are married to buy - then the husband and wife buy a house together.
But these days, many people decide to buy a property by themselves before they get married because they feel you are throwing your money away when you rent!
Comment by Jessicca
Learning Something Everyday
Daily History
Malaysia Found
Jessicca
Comment by Anonymous
it seems every young people in the world has to face theses questions about home soon or late.
Since I have been living next to Paris (since 1998), I have rent my appartment. I moved three times as I wanted more space and as long as I could afford because I was starting my worker life.
I often thought about owning my home. But as I was single and as I like having fun in life, I was not sure to live in Paris all my life and could not think about staying always at home to save money; so I decide not to buy.
For few years, Paris as every big cities in Europe has seen less and less offers of renting but more and more people who wanted to rent (modern way of life : more young or less young singles, more separated families, feelings of independency,...). And prices have increased a lot.
Today, it is easier to have your own home than renting because, banks lend at interest easily even if you have to pay back 25 ou 30 years (so they can win more money back). And if people want to save money or hope to have got their own home, it is better to buy soon even if they have to move and sell to buy a new home.
Even if I feel my private life is changing today, I still don't want to buy in Paris : too expensive compared to small towns. Now I wait until I can buy something in a small city to live peacefully with my love.
But I must say that the question of buying or not buying is more a matter of feeling where you belong than a matter of money. Some of friends who are younger than me have already bought their home in Paris...
I hope I could give you pieces of information that will help you in your thinkings or decisions.
See ya mate !
Tom
Comment by Jessicca
Learning Something Everyday
Daily History
Malaysia Found
Thank you lots for your priceless comments and advice!
Indeed I have been thinking of owning a place of my own or to continue renting as I still am unsure where I want to trully settle down.
This also effects in the future on what my spouse would have to say, as well, usually when couples get married they'd look for a home, together.
Nevertheless, I do agree with the people these days who are very independent and like you said, there seemed to be more and more saparations and independent individuals, regardless of country.
So, all the best and wishes for you to seek your home with your love one, perhaps, in near future?
Once again thanks a million for taking off some time to reply my comments. ^_^
Keep in touch!
Cheerio
Jessicca