Why renting a home is not just a ‘waste of money’
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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.
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