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.
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.