ural part of
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.
which cases are like that?
in most of the cities you'd need more than 10 years of rent to be able to buy a place, sometimes 20
in my case I'd need 20 or 30 years of rent here (not considering adjustments in rent by the inflation % that happen every year)
renting also has other advantages, you can invest in things with better returns, you have the possibility to move to different places.