Yhtiövastike yhteensä for 5 years ?

[Samer2010]

Hi Forum,

Considering a short-term plan e.g. 5 years, In your experience: Which option is cheaper/reasonable:

A) Buy an apartment for 150K + pay around 250 Euros/month as Yhtiövastike yhteensä. Assuming that apartment is sellable.

Or

B) Rent an apartment for 750 Euros/month for 5 years, Which is: 750 Euros * 60 months = 45K Gone for nothing.


I really hate "Yhtiövastike yhteensä" because it is identical to 33% of an rent for the rest of your life, So, Why not to live in renting and zero commitments...

[Piet]

Hi Forum,

Considering a short-term plan e.g. 5 years, In your experience: Which option is cheaper/reasonable:

A) Buy an apartment for 150K + pay around 250 Euros/month as Yhtiövastike yhteensä. Assuming that apartment is sellable.

Or

B) Rent an apartment for 750 Euros/month for 5 years, Which is: 750 Euros * 60 months = 45K Gone for nothing.


I really hate "Yhtiövastike yhteensä" because it is identical to 33% of an rent for the rest of your life, So, Why not to live in renting and zero commitments...

Exactly, buy oma koti or rent.... in your case... "rent".. because you do not want to have ties that bind after 5 years..if economics go down even more, house prices will fall eventually except maybe in Helsinki and Kaunianen (plus some other very wanted areas where no refugee reception centres will ever be created or where people will not leave like they do from the rural areas).

Oh and depending on your income, Kela will pay asumistuki so maybe you will not need to pay the full 750. If your income is too high for asumistuki you have nothing to complain about

[Rip]

I am not sure if your question makes much sense, because in the end it mostly depends on the part you try to ignore (if the place can be resold and at what price).

If you think you can sell it with the same price (+ possible agent fees) and also the transfer tax does not effect you (you qualify as a first time house buyer and there will never be a second time) - Then it is rent + interest (what you pay for bank or what you get (risk free) for the same money elsewhere. Probably very low rate now, but even 1% would make 1500€/year with 150 000 or 125€/month extra on top of the maintenance fee.

It is lower than rent, but is lower enough to compensate for the extra risk and hassle?

[Piet]

And don't forget that in most apartments, the rent includes water and heating and all taxes and stuff. Add on top of that the asumistuki and there might be a very good reason to actually rent and not buy...

[betelgeuse]

And don't forget that in most apartments, the rent includes water and heating and all taxes and stuff.

So do the housing company fees so what's your point for owning vs renting?

Add on top of that the asumistuki and there might be a very good reason to actually rent and not buy...

You can get housing benefits when you own.

http://www.kela.fi/web/en/types-of-hous ... sing-costs

"Assistance with housing costs is available for rental, right-of-occupancy, partial-ownership and owner-occupied homes."

However, usually when you are able to buy a place, you are not eligible for any type of housing benefits.