Instead of answering the renting room vs the studio you looking at, let me give you some insights of renting vs owning. I will list our the pros of each

Renting
1. You are free to move around when better job opportunity in other area comes.
2. Not much head ache on maintenance as landlord suppose to fix it for you for major issue.

Owning
1. You won’t get kicked out by landlord when they want to take their house back.
2. U locked down the price of your house since you bought it and you won’t get affected by raising rent prices. (I personally find this reason alone is enough to make me buy.)

My studio I buy at 140k last time. Monthly only around 600-700.  Now they selling 250k and if you want to rent become 1.4k. Since I bought it, my monthly still remain at 600+.

Most people who bought 10 years ago should make at least 50-80% I bought mine in 2011. Developer late hand over so paid me LOD 15k also.

Unless you fked up real hard. If not I don’t think renting is better than buying. That is provided you are not moving to a different city. If same city in decent location. I 100% confirm your rent would have gone up at least 30-50% compared to 10 years ago. So buying would at least help you lock in the “rental” rate long term.