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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 your own personal home is a good 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.
Renting isn't a good idea, especially as rents continue to rise every year. So, in my area, owning your own home is no longer just a dream, but a pressing necessity amidst the ever-increasing cost of building a home. Arguably, a home is not only a shelter for us and our families, but also a symbol of financial stability and achievement. This is the case in my country, where even young people are afraid to get married without their own home.
Because, as the old saying goes, the most important thing for a family is to have their own home first. A home can serve as a refuge. No matter how small our home, having our own home feels very comfortable. A home can relieve stress, allow us to hone skills, or even spark ideas for earning additional income for investment. When it comes to property investment, it's probably true; the younger generation is more interested in investing in crypto assets than in real estate, which requires a significant initial investment.