There are still people who think renting is far better than just buying properties or real estate. However buying them has got a plus point in the long terms and that’s increasing valuation for those properties. The value of land, house, shop, or basically any solid state property would always rise with the time because of the demand and supply circulation. Over the period of time population would grow exponentially and it will cause ultimately up surge in the demand of such properties. Take example of overly populated city with urbanisation. The cost of apartment, small suits or shops has got skyline prices. No one could afford it but those who had invested into it already would benefit from it. I think it’s far better to have possession of the property rather than just renting it out.
In today's time if you own your house you are among rich ones because the value land and properties are extremely high and its almost unaffordable to buy it on your own so you have to go for rental options .
Yea that takes your maximum income and earnings as rents are high too but these things are essential you cant run away from them.