Thank you for clarifying. Our grandparents generation was likely the last ones who worked the same job and lived in the same place for many years, which allowed them to pay off a home and receive the ‘advantages’ of inflation, which leads to their current house value. Now, most people will move quite a few times and have multiple jobs in their lifetime. Staying in the same place for thirty years to pay off a mortgage is the exception, not the norm. Which makes buying essentially the same as renting, except you are responsible for all repairs and expenses.

You are certainly welcome to rail against anything you wish, and I share your assertion that our current economic system isn’t working for most people. But, I think your message that everyone who rents is misguided or has no chance to develop wealth, will likely solicit reactions like mine. Some people truly can’t afford in our current system to purchase a home, but some of us seeing renting as freedom, not being locked into a certain location or having more life flexibility. Not everyone wants the same things…