My take, he is bright. He calculates the pros and cons for
buying vs renting and he has made an economic comparison. Most
people are too emotional and end up buying one only to be slaving
to pay it off for the rest of their life.
@OP: if you will be here for sure for more than 15years, it
makes sense. Of course provided the economic trends follow the same
way as it has so far. A war/disaster/potential relocation to
another country permenantly ,points to the benefits of renting.
At the end of the day its a personal choice.
then he shuld be businessman calculating machinery for a
factory.but why pay so much for something that isnt his!and such
extravagence at that?it makes no sense.is he that rich or does he
need to feel rich?there are drugs for that.and its cheaper than
those figures he makes.
if u paid for a bought 3room flat or even a "castle" in
spore,once u need to move out overseas,default all payments or sell
it u get what u paid in return,but the losses if u rent cant be
recovered .not a cent.
if the chinaman can come over and buy a $1mil mansion i dont see
why threadstarter should end up renting from the chinaman.