The Australian Dream Is Over, Get A Rental

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SYDNEY — Yep, you heard that right. Rent money is not dead money. It's time to leave the suburbs and surrender the long-held Australia dream of owning a home.

The greatest pub argument of the last decade — to buy or to rent — has been resolved

Forget buying, you are officially better off renting. You can pay crazy rents for the next twenty years and no one can say a thing. Hello, coastal living.

See also: 9 Things to Know Before You Rent From Airbnb

Don't believe it?

The Reserve Bank of Australia set the record straight in a new paper released Monday:

“If house price growth were to be slower than the historical average, as some forecasters predict, then the average home buyer would be financially better off renting,” the paper said. Read more...

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from MashableJenni Ryall