Why is buying your own house so important?

MY 7-year-old daughter decided she prefers to live in a condo instead of a house. She reasoned condo facilities offer more fun. We simply can’t afford to buy a condo as well, I explained to her, as we still “owe” the bank for our house.

We are privileged to be able to buy our own house. Many still cannot afford their first home as the property boom in Malaysia put house prices beyond reach for many first-time home buyers.