Until now I'm still considering building a house for a more peaceful life with my family, and not everyone is turning to it for investment, lifestyle, or simply accepting a long-term lease. I'm sure you've often heard influencers motivating you to refrain from building a house if you don't have a lot of money. This isn't a complete shift, because not everyone in the world is thinking about investing, and some people even prefer a more modest, peaceful life.
House rents are indeed increasing, but not because people are less interested in building homes, but because people don't have the money to build them and are choosing to rent. The economy hasn't been doing well in recent years, which is why there's a shift in people's lifestyles.
I don't have the intention to build a big or luxurious house. Neither do I plan to invest in building houses and collect rents from occupants. All I want is a modest house where I can live quietly with my family without the pressures of paying rent. At retirement age, it will be difficult to afford a good home if you don't own one.
The reason why some people avoid building houses I because of maintenance and taxes. But if you build a house that is easy to maintain because you focus on durability and not pleasure, you will spend less. In some countries, there is nothing like property tax, so it is better to own a house.