When we hear the difference between the Rent vs Buy we always think about the House. That means buying might not be a better option because you can rent it out. The rental yield is around 2 to 3% only and that's why people prefer not deploying a lot of capital in buying the house and just rent it out. Now uts a personal choice whether to buy or rent a house, but there are a lot of places this rent vs buy debate is going on.
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Today I went to get a xerox for my daughter school project. There were around 10 pages and I paid Rs 20. Now a lot of people would have bought a printer which might not be useful for them. They might be printing some pages but eventually getting it from the shop makes more sense. Now with buying the printer, they can do printing any time of the day whereas the shop opens for limited time only. So now the thing is what is better Buy Printer or Xerox Outsite. Came down to personal preference just like buy and rent debate.
People will say it's different, buying a house is a big investment but buying a printer is not. Totally agree but any investment is an investment be it small or big. Some might get the printer but for some it's a huge money. Similarly, there is a startup in Bangalore which gives household items like Fridge, Furniture and Washing Machine for rent. Instead of investing a lot of money on these appliances, people can rent it out.
Again you might not want to rent it out for say 3 to 5 years because then buying makes sense. So again it's a personal choice, one wants to keep less ownership and wants to get everything for rent whereas for some ownership is required. So these all things are part of rent vs buy. And it comes down to what you want, what is your preferences. Don't think about others, if you want a house in your name then go for it.
