@marvingermo: Renting is not throwing money away: The truth nobody says at Filipino family gatherings

Pat 🐱 :

Renting can feel like a never-ending debt because you keep paying without ever owning the property. However, it offers freedom and flexibility—you can leave anytime you want without being tied down to one place. On the other hand, buying a property can provide greater long-term security and stability. Rent tends to increase over time, while a fixed-rate Pag-IBIG housing loan offers more predictable monthly payments that do not increase just because market rents go up. Instead of paying rent indefinitely, you are gradually building ownership of an asset that can become fully yours once the loan is paid off. Ultimately, renting gives you flexibility today, while buying a property can give you stability and ownership for the future.