I do agree. Renting seems like a much better option for now... I pay around 40% of my income to my mortage, with renting it would have been around 15%, also when you rent, you have flexiblity of moving around (there is an old Indian proverb, when you own your house, only that belongs to you, when you rent, the whole town belongs to you).On the other hand if inflation catches up (even without any real growth) renting can become expensive, and what is seen as flexiblity may become loss of security (forced to move for any reasons).. One thing I understood from this experience, owning a place is to be seen as a roof over your head,feel secure, and live within your means, not as a grandiose scheme to get rich...