> Average rents are cheaper than average mortgage payments

The average mortgage is for a family, the average rent is for a broke young worker or student living in a much smaller and worse accommodation.

Renting is always more expensive than a mortgage for the same housing unit, because the landlord needs to make a profit from his tenants.

Cooking the numbers won't change reality. The truth beats all the lies, no matter how many lies.

The median renter is 42 years old.

Even a basic Google search would have saved you needing to post that comment.

	▲	necovek a day ago \| parent \| next [-]
		> The median age of a renter is 42 years old and about half (46%) of renters are under the age of 40; only 10% of renters are in their seventies or older, and 15% are in their sixties. In other words, the age distribution of renters trends younger than the overall US population. Which tells us exactly what the GP brought up: renters are younger than buyers.
	▲	carlosjobim a day ago \| parent \| prev [-]
		Age doesn't matter. The median renter has smaller and worse housing than the median mortgage payer. For the same accommodation, renting is always more expensive than owning.