Can I just say, bottom line is that real estate is a bloody good...

Can I just say, bottom line is that real estate is a bloody good asset to have in building up your investment/asset portfolio. Obviously owning/buy a property directly means if makes up a big potion of it until you have $1-2million.

The are many benefits of owning a home as PPOR in addition to it being a secure asset but some of those benefits are not so important to some people so they rent but own investment property.

Quite sure I mentioned before that most people with any reasonable amount of wealth will own there own home or at least have money invested in property.

"It seems that you think people that rent should be ashamed of their situation. Is my understanding correct?"

I doubt anyone is suggesting that, most people that are renting do so because they can't afford to buy. Heaps of reason for why that might be