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Having your home is one great asset if you ask me, I have lots of friends who are building theirs and I'm surely starting mine soon, long-term renting is a financial mistake if you have the means to save up and own your own home.
Having one's own personal home is ideal and a valuable possession. Because of the present dire situation of conditions, it is difficult for someone to acquire property and construct a house; this is not a major problem, given the high cost of building materials. Renting forever is not a smart idea because you will not be comfortable at all; in certain cases, the amount someone pays for renting in two years is nearly enough to buy property and construct on. However, due to certain people's lack of planning, we can observe that they can spend more than ten years renting a property before owning their own home.