"but we choose to live in a modest unit so that we can put the saved $ towards something more productive."
Glad to hear that.
The reality however most renters dont save and therefore benefit from the lower cost between the two.
Yes it may be cheaper straight up to rent than buy, however the gap is only a gap for so long.
In 10 years time the buyer has half paid off the house, gained anywhere from 30-100% in value (gains) was able to set up the family...and could go on forever.
There is so much more property ownership brings than just cap gains.
Wacking a nail into the wall because you can and dont have to ask permission is just one.
