I think there was probably something more affordable.
For example, in this ridiculous Seattle market, I pay $1,600 a month for a home appraised at just under $500k. I rent.
It is a nice place and I keep it nice. And let's be frank. Nobody owns real estate in the US. You rent it from the government.
I save LOTS of money every month and live in a nice place - all while real estate is most definitely hitting the crest of a very pointy bell curve. Maybe I'll buy something on the ride down the other side.
If you want to live in a world with no police, courts, roads or schools, I hope you look like Arnold Schwarzeneggar.
Hyperventilate much?
If you worry about hyperinflation think what your dollars saved will be worth vs that 500k house. Myself I feel comfortable locking into 5 1/2% rates for 30 years. your rent also pays the taxes and makes your landlord a couple bucks too. God bless America. I love people like you.