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

Arman Hossain (US)

I am aware of fees you have to pay and it might seem like you are laying out more than renting for now, but in the long run you are actually saving because of inflation. Rent changes over time and when inflation occurs it will increase, but a mortgage payment for 30 years will always be the same. Also if you have a family, or plan to have one, it's better to own so you have something to pass down. It is better to rent when you do not have any children or immediate family.

An apartment block under construction behind a row of traditional properties in central London, Dec 11, 2014. [Photo/Agencies]