BBCWatcher
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That’s a great question. There are a few possible answers:Why buy when you can rent for so cheap.
* If you want leverage (i.e. debt) that’s still fairly low cost, an owner-occupied home helps. Although so does a margin account at a broker, or amplified bets in futures/options markets, or some of both.
* If you simply want greater control over your home. For example, if you want to paint the walls pale green instead of white because you prefer green, you can.
* If the government is subsidizing your purchase — if the government is providing enough free money that helps tip the decision.
* If you want to reduce your CPF LIFE participation level for some strange reason.