Tomcat A house of one's own is reliable. (Unless, of course, a rocket flies in and ruins it.) The landlord, at any time, can change the rules of renting, or he may need it himself.
Totally agree. I managed to earn my own flat at the age of 35 without taking a loan, in southern Germany, and since then I never had to fear where to go. When changing partners, we parted equally and without bad feelings, making a financial gain when selling places. Even a natural catastrophe, in my case the Cumbre Vieja eruption didn't throw me off track because I was insured and they paid without hesitation. There wasn't much to discuss, the whole place is under 20-30m lava now. I saved the cat, though I lost a whole lot of of stuff from telescopes to model railroad.
Price hikes and inflation demand something smaller than before.
This is of course much more difficult today, with higher population densities and choking bureaucracy, and resources tapering out. I am tempted to say that the younger guys (that's you ๐ ) don't have it as easy as my generation (apart from a few influencers and the highly qualified of course), an I did not have it as easy as my parents.
What I want to say: if you have the opportunity for an own place, prefer that over big cars and other stuff that looses value over time and through use.
Personal opinion, of course, and partly experience so far.