Millennials, like myself, are stuck between a rock and a hard place. We either have to keep shelling out a mortgage-level rent payments every month, with a $100+ increase every year, or try and save up and spend the 20% down payment and hedge against the rent payment increases.

I went with saving for down payment and getting a home. I'd say i made the right choice though. I just looked at rent cost for the apartment I use to have, and when i started renting it was $900; It's now at $1315 4 years later. My mortgage is at $1300, and I know it will always stay that way, too. Only downside is replacing things that seem to break all the time when you own a home :P