Is it wise to pay expensive rent or acquire landed property?

It depends on your financial situation, goals, and location. Here’s a breakdown of both options:

Paying Expensive Rent

✔ Flexibility – Renting allows you to move easily without being tied to a property.
✔ Lower Upfront Costs – No need for a huge down payment, legal fees, or property taxes.
✔ Less Responsibility – Maintenance and repairs are the landlord’s responsibility.
❌ No Equity Building – Rent payments don’t contribute to ownership.
❌ Uncertain Rent Increases – Landlords can increase rent over time.

Acquiring Landed Property

✔ Wealth Building – You gain an asset that appreciates in value.
✔ Stability – No risk of being forced to move due to landlord decisions.
✔ Control – You can renovate and customize as you like.
❌ High Upfront Costs – Down payment, legal fees, and other expenses can be high.
❌ Maintenance Costs – You’re responsible for all repairs and taxes.

How to Decide?

• If you have stable income and plan to stay long-term, buying may be better.
• If you prefer flexibility or lack the capital for a down payment, renting may be wiser.
• Consider location—in some cities, renting is cheaper in the short term, while in others, property appreciates fast, making buying a good investment.

Would you like a cost comparison based on your situation?