Let alone the fact that you're literally throwing money away every month.
You mean paying the rent instead of a bank loan? Bear in mind that the value of property is not always rising. All over the World there's places that have lost their attraction - one reason often being that there's no jobs in the vicinity. Back in the eighties I visited London and during a bus trip the guide told that the fifteen floor high houses in the horizon were going to be demolished because of lack of inhabitants. Someone owned that land and had had high hopes of getting some good income.
Here some municipalities sell lots for one single Euro. There's a catch, though: You'll have to build a house (or renovate an old one if applicable) and become a local tax payer. Not necessarily a bad choice, though. It may be within an hour's drive to your job in the neighboring bigger town, reside by a lake with a beach of your own etc. But it may also mean plowing your mile long stretch from the main road when it has snowed all night...
