In some markets, finding an appropriate rental at a good price is nearly impossible. So instead of renting, people get a mortgage. Which can be a very reasonable decision as long as the mortgage isn’t a crazily high multiple of your yearly income.

Here in the UK, any one who said this any time in the last 20 years now looks a complete fool.

Including me. I said this 20 years ago, I said this 15 years ago. But house prices just went up and up and up.

Houses you could buy for 20k are now worth 160-200.