I'm missing something, why is it assumed that living in an apartment is short term?
When I was renting, I could expect a 10-15% increase year to year. With the current average apartment cost being $1700, that can mean paying an additional $500-$800 per month after 3 years. At that point it becomes worth it to look elsewhere.
Too funny.
It's more complicated than that but it's basically how it works in normal conversation
that doesn't mean people can stay in the same place long term, but if you're going to be there for 10+ years it might make sense to buy. yeah yeah i get no one can do that in SF or London, but plenty of HN posters who aren't in those cities.