Why renting a home is not just a ‘waste of money’
Add BT as a preferred source
THERE is a common understanding that renting a home is a waste of money. After all, the easiest way to make bank is to find a good partner, get married, buy a Housing and Development Board Build-To-Order (HDB BTO) flat, move in, and then later sell your flat for a tidy profit.
Rental is seen as the opposite of that. It is a money pit that does not provide any return on investment because it is purely an expense.
As someone who does not have any near-term plans to get married (sorry, mum), I have been thinking about when I will finally be able to move out.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Singtel sells S$1 billion in Gulf Development shares
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
