Opinion / Forum Trends

With high property prices, is it OK to rent forever?

( bbs.chinadaily.com.cn) Updated: 2015-04-09 07:17
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Mir Quasem (China)

I have a few regrets about buying my apartment. I bought in the downtown area of Shanghai and my mortgage is about 13,000 yuan a month. My pre-tax income is slightly over 20,000 yuan per month. I have a good job with a handsome salary and could travel abroad twice every year. Before I bought the house, I would usually eat out in good restaurants and buy items that I like. But now I have to save as much as possible to pay for the mortgage. My quality of life has dropped sharply.

 

With high property prices, is it OK to rent forever?

Visitors view models of a real estate development at the Shanghai Exhibition Center, Mar 12, 2009. [Photo/IC]
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