Salary.sg Forums - View Single Post - Buying or renting a property ??? cost to rent a condo now ??
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Old 08-10-2020, 11:30 AM
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I prefer to buy it instead of renting one. Cause if u rent a condo, its like helping the owner to pay the installment. But if course it depend on ur financial planning
I don't agree with that sentiment. If you think about it, when you buy a condo, you typically will need to get a home loan, and you are paying loan installment monthly. Yes you don't pay to a landlord, but you still pay monthly a similar amount as interest to the bank. So no difference.

The key question you want to ask yourself is, do you want to invest in real estate at this point? Or do you want your capital in other assets? Of course, that is the objective way to look at things, and I know wives typically prefer to live in self-owned house vs rental - maybe their nesting instinct. Speaking from experience.
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