Young people better off renting than buying homes: Interior minister

Focus Taiwan
Date: 2017/03/13
By: Ku Chuan and Evelyn Kao

Taipei, March 13 (CNA) Minister of the Interior Yeh Jiunn-rong (葉俊榮) on Monday

(CNA file photo)

encouraged young people to consider renting a home first if they cannot afford to buy, saying such a choice would allow them to invest more in their quality of life and their children’s education.

Yeh offered the advice in an interview on Yahoo TV Live when asked about the problem of young people not being able to own homes because of low salaries and high property prices in Taiwan.

Noting that the home ownership rate in Taiwan is around 80 percent, Yah said most young couples about to get married usually take out a mortgage, which could be a heavy financial burden in light of the country’s low salaries.    [FULL  STORY]

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