I think the Gen Z and Gen As are more inclined to renting — especially if it means getting out of their parents’ homes and taking in a breather haha. Compared to my generation, renting doesn’t evoke the mindset that it’s a waste of money for these young ones.

What with 躺平 lying flat in vogue in China, i think the preoccupation with owning a home among young China Chinese will be gradually eroded as well. Just do enough to get by in life

cryotosensei

It's a super big deal in China.  Not sure if also for Chinese Singaporeans.

My brother-in-law couldn't get married, he said, until he owned his own house.  And it was true.  He didn't get married until after owning his own house.

I wonder, though, with the Chinese property market collapsing, whether that will hold true 10 years from now.  The Chinese may have gotten infatuated with real estate because it was working for the last 10 years.  But if it stops working, it might no longer carry the same cultural cachet.

econ

Is It Better to Rent or Buy? (The Economist/SN Magazine)

denlillaapan

It's a super big deal in China.  Not sure if also for Chinese Singaporeans.

My brother-in-law couldn't get married, he said, until he owned his own house.  And it was true.  He didn't get married until after owning his own house.

I wonder, though, with the Chinese property market collapsing, whether that will hold true 10 years from now.  The Chinese may have gotten infatuated with real estate because it was working for the last 10 years.  But if it stops working, it might no longer carry the same cultural cachet.