I guess having own home is better than renting one. It is cheaper to rent than to own a house but then with own house comes perks like we can stay in it however we want, one time investment and no need to worry for monthly payments to be made. Surely, it is a subjective issue and many would prefer renting since it is cheaper and more or less renting gives almost as much of what we need in a home we need, but the freedom and peace of mind in own home is something more valuable I feel.