California example: Pay a mortgage, taxes, repairs for 30 years mayby 900,000. Have a home valued 900,000. Get your money back.
Pay rent 2,000 a month for 30 years $720,000 no equity
That’s not the problem for most people. The problem is to be allowed to buy a home, you have to keep paying the government every single month...In CA, in many cases they’re paying $7,000 ++ per year..
THAT is with NO INCREASES IN RENT——