Will you give up to buy your own house for it may cost your whole life's saving?

Personally, Im expecting to be filthy rich by the time it comes to getting my own hosue so I dont think it will be a problem lol However, if it doesnt happen I plan on flipping houses. New homeowners get money towards a new house like 5000 dollars or something here when they first get a mortgage. So being that my boyfriend is in construction and builds and finishes houses, we would prob first own quite the fixer upper. We would put some work into it and fix it up, sell it for more then we paid, get another house a tad bigger, do the same thing, till eventually we would have a really nice house that we loved, may take a few years to get the really nice one but it will happen.

Economically speaking, renting a house is a better choice than buying a house at present. If you rent a house in the downtown of Shanghai, you only need to pay three to four thousand RMB per month. Then you could spend your money in doing something more meaningful and interesting. If you buy a house in the downtown of Shanghai, you need to pay hundreds of thousands of RMB down payment and thousands of RMB per month, which is a huge pressure. But you know few families could accept their children get married in a rented house, especially the families of bride.

When I read your discussion, I can already realize that you come from China. I think perhaps only the people in China can feel this pressure very well. You are right, the house is important here as we have to settle down. Having a house means that finally you have a completed home. And the worst thing is even if you have spent your whole life's savings to buy a house, you can only own it for 70 years. WTF! I love China

Oh dear, my friend who works as a programmer earns high and bought a house in just 7 years. I am so jealous of her because she is not good with me. I thought if I were you, will I just buy a smaller house or maybe stay with parents?

For me not because all good investment is the house if you have not house then you are not good in your income because you can't save more your money you always rent until you find no money at all.

Yes, I think so because it is everybody's dream to have his/her own house.Money can be earned so even if I used all my savings to have a house I guess there will be no problem.It's also an investment just in case.

Oh I didn't know that the houses in China are so expensive. Why is that so? I am puzzled because China is so big. Countries like Singapore will tend to have more costly houses because of the lack of land. Singaporeans also face the same problem here. We could be paying for our apartments (public flats)throughout our working lives. I think the problem here is due to the high number of permanent residents, who are cash-rich and so could afford to pay more. That drives up the property prices here. I agree with you that having a roof over our heads is essential. But I don't understand why a person's children may lose their rights to healthcare and education just because of housing issue. Care to enlighten me? Thanks.