Financially, in very few cases renting actually makes sense.

Assuming of course you make an informed purchase of a home given your particular circumstances.

Most homes in the US appreciate in value, unless you live in rural Pennsylvania.

I also believe buying early forces you to be more financially responsible and makes purchasing your first family home later in life a lot easier.

So I always recommend young people to make the sacrifice and buy a place.

Your first home doesn’t need to be your dream home.

My first place was 700 sqf in a very shady area of the city, but it came with sweet tax abatements for several years and the area improved a lot but the time I sold.

There are always opportunities like that in almost every city in America, even in today’s market.

If you take away the "always increasing" price of homes.

Is that true.

Homes for the majority of human history have not been something that "always appreciates", the condition of the domicile might actually be worth less than the components it was constructed with.

At some point, nobody who isn't already on the ladder can afford to buy, then you've hit your market saturation. Then it's about how much more can you squeeze them for.

If interest rates rise, house prices fall, because most people buy at the edge of their affordability -- and soon there'll be no homes that they can afford at all, or: the house prices must stabilise and not "forever appreciate".. they can't both be true.