‘Dead money’ or owning a house: Is renting better in the long term?

For most young people these days, the prospect of buying a home early in their working life is now out of the question.


With prices, particularly in Sydney and Melbourne, among the most expensive in the world, the good old days of starting work and buying a house soon after are gone.


A long period of renting awaits. But contrary to the popular view that renting is dead money, there is an increasing number of people who think all those frustrated buyers may be better off financially by being forced to rent.