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Could it be that people have developed an aversion to buying homes and instead choose to rent? Are the prices of houses rising at the same rate?

I would love to buy a place, my rent is well above what I could expect to pay for a mortgage in the same area (for likely a nicer place).

But rent around here being so high stands in the way of saving enough for a decent downpayment.

I do know some people who prefer to rent for the flexibility, but I don't think its enough for this.

I would love to buy a home, but cannot due to the extreme cost, therefore I rent. This is definitely not unique to me.