I wouldn’t necessarily classify private home ownership as good or bad.
For one, there are different styles of living and if you need something small or need to move a bit more often, renting often makes more sense.
Then there’s the more fundamental question if private home ownership actually means exactly that — in many cases, the home is basically still owned by the bank. The mortgage crisis hit really hard in countries with supposedly high home ownership like the US and Spain.
Just for a comparison 65.9% for the USA. https://ipropertymanagement.com/research/homeownership-rate-by-state the worst states aren’t under 50%.
I wouldn’t necessarily classify private home ownership as good or bad.
For one, there are different styles of living and if you need something small or need to move a bit more often, renting often makes more sense.
Then there’s the more fundamental question if private home ownership actually means exactly that — in many cases, the home is basically still owned by the bank. The mortgage crisis hit really hard in countries with supposedly high home ownership like the US and Spain.