To own or not to own?

SHOULD everyone own a house? While most people praise real estate as an excellent investment opportunity, owning home is not for everybody. Firstly, it is expensive to own a house. Not only you have to service the loan every month, you will also need to pay for taxes, insurance and regular upkeep of the property.

If you have bought an apartment, more money will definitely be coming out from your pocket as you have to pay maintenance fee and sinking fund every month.

That is why some people prefer to rent as they pay only monthly rental and at the end of every month, they have extra cash to spend for themselves.

The one setback though is you will go on living your life without having your name on the property title.