The Difference Between Owning and Renting

I’ve heard horror stories of people with steady jobs not being able to afford homes in major cities. But we live in Singapore, where 9 out 10 of us are able to own homes. A housing lease is basically a contract between us and The Housing Board. No matter which way you see it from, rights to the land always and unequivocally goes back to the state. Freehold property may also get subjected to acquisition and taxes. No matter what, the property rights go to them. But what goes o