I get the feeling that most of us don't like the idea of renting a place to stay in Singapore. Why pay rent and not own the place? We are helping the landlord pay his mortgage on the property! However, a question then is what if we were to buy our home only to find out that we bought it at a price too high? That has happened to many people before, I am sure. Then, in such an instance, the person who chose to rent instead of buying would have done better. How not to pay a price too high? I am sure that there are many things to consider but there is a nice little rule that can make it easier for us to make a decision on whether to rent or to buy. "Rule of 15" says that if we could buy a home at a price that is 15 times or ......