Yes, it's better to own your own dwelling, for the reason you have said. I am quite lucky because I've always owned all my homes. However, not everyone is a homeowner, and not everyone who can afford it want to own their homes. Although it may not be ideal, renting does have its advantages, too. For some people renting might make more sense for their financial circumstances. For one thing you don't to pay maintenance costs or repair bills. You don't pay property taxes! The others prefer renting because they have access to swimming pools are the gym which can be a huge savings. It offers you more flexibility where you want to live... and other reasons.
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