it really depends on personal preference, i posted this article on Finance & business forum not long ago.

http://forum.lowyat.net/index.php?showtopic=453466

IMHO in the Malaysian context renting is merely enriching someone else, the landlord gets a property subsidized at your expense! Which they can later sell for a profit or continue renting even when its fully paid up!

Use the calculator and you'll see the longer a person rents the more sense it makes to buy the property outright because there comes a point when the cost of rental will cover the cost of purchasing and buyers immediately realize rental saving from that point onwards.

Renting for the long term just doesn't make sense, where is the security, comfort and importantly savings. My point of view is the author is advocating renting as an alternative to free up capital for other investments!

IMHO it's pointless to rent if I still have too little money to invest at the end of the day the returns are too small

For example my rent costs me RM1200 and I've been forking over rent for nearly a decade! The loan repayment for my house is RM1570, even if I've somehow managed to pool together the RM370 a month savings for 10years of renting it will give me RM44400.  I also haven't the slightest idea how to invest in the KLSE without getting my fingers burnt 

The returns from investing RM44400 would hardly be worth the effort. Assuming its 7% returns on investment theoretically based on the article I'll be richer by RM3108 yearly!

I actually get better returns from renting my low cost apartment for RM300 and the apartment only cost RM25k cash

My arguments maybe naive and simplistic, sorry if it's flawed but unless the author shares his calculations it's difficult for me to believe it will work out... in my mind at least.

i guessed most of you don't understand that.. until 30 years are up.. YOU DON'T OWN THE PROPERTY.. THE BANK OWNS IT

I dun understand this.

I dun understand this.