With high property prices, is it OK to rent forever?
Updated: 2015-04-09 07:17
Editor's Note: Average home prices in Beijing's secondary market have hit about 42,000yuan ($6,800) per square meter. In places where housing prices are consistently high, the barriers to entry for owning a home are steep. Is it OK to rent forever? Share you views on our website.
When you rent, you can move almost whenever you want, with very little penalty; when you own, selling a home can take a very long time. You lose a lot of flexibility when you "put down roots" and this is one the biggest reasons why you shouldn't buy.
A man visits a house agent. [Photo/IC]