Should I buy or rent a home in Shanghai?

"When considering whether to buy or rent a home in Shanghai, it is important to weigh the advantages and disadvantages of both options. Buying a home in Shanghai can provide an owner with stability and long term asset appreciation. However, there will be large upfront costs for a downpayment and closing costs. Furthermore, there will be ongoing maintenance and utilities costs associated with ownership. Renting a home in Shanghai, on the other hand, can provide flexibility and convenience. Tenants may only have to put down a security deposit, but they may also have to have a co-signer. The biggest disadvantage associated with renting is that tenants will not have asset appreciation in the long term. Ultimately, it is important to assess one’s financial goals and situation in order to determine the best option of whether to buy or rent a home in Shanghai, China," said another expat in Shanghai, China, China.