You can get there with social housing through either:
- the Singapore model, rent-to-own via the government
- the Japanese model, housing is a depreciating asset
- the Vienna model, ubiquitous social housing up to mid-tier of the market
Personally I feel like renting or owning a house should be a choice of features, not of financial benefit. Buying a house should be about being able to make it your own (moving walls, redoing the garden, building a shed). On a 5, 15, 30, 60 year timeline, owning and renting a house should come out to the same financial net outcome.
The way to get there is murky to me. I have far too little understanding of the deeper effects government policies have on the real estate market to make even the roughest guess.
- the Singapore model, rent-to-own via the government
- the Japanese model, housing is a depreciating asset
- the Vienna model, ubiquitous social housing up to mid-tier of the market
Personally I feel like renting or owning a house should be a choice of features, not of financial benefit. Buying a house should be about being able to make it your own (moving walls, redoing the garden, building a shed). On a 5, 15, 30, 60 year timeline, owning and renting a house should come out to the same financial net outcome.
The way to get there is murky to me. I have far too little understanding of the deeper effects government policies have on the real estate market to make even the roughest guess.