wasting money on rent is not ideal...
ont should only rent if you have to Or you have a really good place for cheap.
Or if you prefer to invest in businesses instead of real estate. I don't want to own real estate because I believe it is overpriced where I live. Rent is overpriced too but I like to sleep indoors and this way at least I don't have to hold an overpriced asset more expensive than my net worth. I think it is ridiculous our entire society thinks it's normal to make leveraged investments in real estate (better known as mortgage).