Millions Jose EliasThe owner of ‘La Syenna’ talks about the housing issue Place And has done the analysis Buying or renting a house is more profitable. Has done that Enrik Bones YouTube Channel, It has made it clear that the decision is actually depends on every economic situation, but it has provided many keys.
“I think it is best to buy for common features, and it is better to rent for those who do not have money problems.” He has highlighted. According to his analysis, renting a house does not allow freedom to buy a house, but entrepreneurs say that if a person has a fixed salary and defined budget, buying is the best way to buy, because “over time, you are free from a stable cost and guarantee the stability in you.”
Another key points analyzed the difference between large and small platforms profit: “200,000 euros rented Offers 4.8% income per month for 800 euros per month. On the other hand, a site of 500,000 euros per 1,200 euros did not reach 2.8%. “So, for Elijah, it is more profitable to buy many small sites than to get a big house for your own use.
One of its best contributions is about the importance of financial foreign exchange: “If you buy with a mortgage, the profit is multiplied because you do not need 100% of the capital.” Despite this, it has also indicated that there are many people who do not need 20% of the entry of a site, which is difficult for them.
Similarly, Elijah has warned that the cost of rental has been substantially shot in recent years Many mortgages are cheaper than choosing rent A house. “If you can buy, there is no point in continuing rent,” the businessman says.
Similarly, Millionaire has provided a series of keys to those who have the highest purchase power: “If you want a 800,000 euro site, Instead of buying it, get many small people and alk them. You can pay your rent with income and you will have money. “This allows it so that you can keep the liquidity and earn passive income according to Elijah.
In spite of all this, the businessman has assured that every person is different and that each person should evaluate their personal and financial circumstances before making any decision. However, he has introduced a final message: “If you earn 2,000 euros a month, it is better to save and buy it soon. If you have a very convenient economy, rent will be a great choice. “
