Would you say that a person who prefers to rent rather than own/buy a house isn't financially stable?

Someone told me that I wasn't financially stable because I opt to rent instead of purchase a home. What does that have to do with being financially stable?

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whowasthatmaskedman · 70-79, M

That depends on what they do with the money instead. For example investing in a blue chip share fund that earns enough to pay the rent offers some advantages inflexibility and for many years would have been a better nett investment. But your own home is a big , relatively safe capital investment for the long term and the one most people choose.