We demonstrated a few months back that the math remains strongly in favour of home ownership versus renting, that is when the choice is between buying a house or renting one to stay in.
Historically, yes. Ownership of residential properties that are appreciating in value has been one of the biggest drivers of mass wealth creation, which also underpinned the growth of the middle class globally. This is because the home is one of the most widely owned assets, far more so than stocks and bonds. But what happened in the past does not necessarily mean it will continue into the future. Indeed, rapid price appreciation in recent years has put home ownership beyond the means of many and, for the younger generation, buying a home no longer represents a key milestone.
Buying a house to stay in is better than renting one, no question
