I’m not sure that’s exactly true. Maybe in % increase yes, but are you considering the leverage when buying a home and the money that would have been spent on rent (which can increase year over year)?

I recommend the NY Times rent vs buy calculator because there is no one size fits all answer.

Also like some people I know, they have paid off a house which is a steady stream of passive (ish) income before buying their current place. That can also pay off on a longer timeline.