This, ideally, is not a financial advice thread. I know the pros and cons financially of owning a house, probably not but let’s say I do anyway.
What I’d like to discuss is if it’s actually necessary, and the intangible benefits of owning your own place over renting. For example, I’m renting at the moment, should something happen with work or what have you, I can be out of here in a month and cycling around Taiwan/Japan (ignoring current affairs for hypotheticals). I class that as an intangible benefit.
I read some stats that in my area only 4% of people in my age bracket own where they live, so I’m not alone. And a lot of people maybe can’t afford their rent at the moment let alone saving for a deposit? I have been trying to save for a house as I feel like it’s the “right thing to do” but the saving is a bit detrimental to my enjoyment and also i don’t really see the point in buying a house at the moment (even if I could)
Is there something glaring that i’m missing that you could say and I’d be like “oh right, yeah, then I really need to be sensible, start saving and buy some property asap” apart from the owning of an asset for financial appreciation sake?
Also the general social attitude in Taiwan would be interesting, is coupling off and buying somewhere “the done thing”?