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But you had to have saved up money in the first place in order to make a downpayment on the mortgage. If your rent is so expensive that you can’t save any money then you aren’t going to be able to get a mortgage anyway. And if you can save money for a downpayment then you have to compare the opportunity cost of investing those savings versus using them to buy a house.

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> But you had to have saved up money in the first place in order to make a downpayment on the mortgage

Now you understand why my generation is so truly fucked.

>And if you can save money for a downpayment then you have to compare the opportunity cost of investing those savings versus using them to buy a house.

The house will always win if you are in any metropolitan area. In 20 years property prices in Munich, for example, have tripled or quadrupled, if not more. If you're not in a metro area you don't have the rent problem anyway.

> Now you understand why my generation is so truly fucked.

No. I find it incredibly difficult to understand why my generation seems to be so truly 'fucked'. Especially, the type of people who are on HN should be able to save money and make a down payment.

you are exactly right, but when people have bad ideas lodged in their heads, it's difficult to dislodge them.

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