If that’s true it’s truly unfortunate the because there’s a sense of stability and security that comes with buying, and younger people tend to be among those who need that most.
I bought right before the interest rate shot back up with a ~5% down payment, and the past few years of ownership have improved my mental state substantially. You don’t know how much stress is caused by having that potential rent hike (and associated potential apartment hunt and move required to keep housing costs within reason) that comes with lease renewal looming on the horizon until it’s not there anymore.
It's vexing to me that so many seem to refuse to believe that stability is important to mental health (for at least some of us), and then wonder why young people are exhibiting ever greater mental health issues. I think only psychopaths are "happy" with the current state of things. Sadly, our institutions seem purpose-built to select them as our leaders.
I bought right before the interest rate shot back up with a ~5% down payment, and the past few years of ownership have improved my mental state substantially. You don’t know how much stress is caused by having that potential rent hike (and associated potential apartment hunt and move required to keep housing costs within reason) that comes with lease renewal looming on the horizon until it’s not there anymore.