EY's "rent to buy" scheme or scam?
I think boeing-man has a point there. An apartment building, like any other high-rise buildings, need to be demolished after a certain number of years due to old age, and yes, because of its structural intergrity. I'm not sure though about villas, but as far as I know, no building is built to last a lifetime.
Assuming then that a building's life expectancy is only 25 years as mr. boeing-man so claims, it is therefore illogical to keep on paying for a property for 25 years only to be demolished after you have completed the payment. You lose your property, you lose all your money, and still has to fork out a 3% settlement. That leaves the owner empty handed and on the 'red'. So who wins and who loses? Go figure.
Mr. Frodo