[Alberta's Child]

Don't compare the rental cost to your cost of ownership under your circumstances. Compare the rental cost to the cost of ownership if you were to buy the home today.

[kaila]

The problem with today's youth is that they want a McMansion. Granite counter tops, huge kitchens, sub zero freezers, etc. in huge non descript subdivisions .Instead, they should be looking at homes that may not be as nice, but cheaper in a area that is not “discovered” yet.
There is a home in my neighborhood that has an old tiny house on it. A young couple with children bought it, fixed it up, and the house looks great now. It is on about a half acre of property. if they sit on it for 10 years, they are going to make a killing because now my neighborhood has been “discovered”.
Avoid the subdivisions ( because every house there is identical), buy a house in an area not yet “discovered”. The problem is that people want a mansion, and they really should be looking at something realistic.