> Owning… derisks housing both from an expense and sourcing perspective

Except if property taxes increase beyond affordability as they have for many folks in some states recently.

    > as they have for many folks in some states recently.

Can you name some examples?

California limits increases in property taxes to 2% for this reason. More generally, property owners vote at a high rate, so governments will usually be less aggressive in increasing property taxes. Of course, they still go up, but it's generally less of a risk.

California’s approach privileges people who have lived in California in the past over the affordability of housing for people working today. It’s got its own popularity issues.

It’s very similar to rent control in that way.

Wouldn't their rent go up at a similar rate since the home owner would be copping those tax hikes anyway?

not necessarily. rent and market value are related, obviously, but they don't have to increase at the same rate. in some markets, property values can increase much faster than rent.

https://www.investopedia.com/terms/p/price-to-rent-ratio.asp

Yeah, I agree. Rent is essentially capped by median income. If mortgage rates are cheap enough, housing prices will skyrocket, but median rent will barely budge.

Profit

Rent can do that. But in renting you can more easily move to a better paying job.

I'm not sure you're derisking as owning is also subject to local taxes of whatever sort. Those too can increase faster than income.

And if you can’t find a job because you’re older or the employer market is raking you over the coals, you’re screwed, while your housing is mostly locked in.

But that's the point,

rent === mobility

own === 10x less so

Sure. It's nice to want roots, have a home, etc. But given how the financial system works - and the economic and sociopolitical systems that sit on top of it - an RV might be the smartest way to go.

Sure there's always the American Dream narrative but (leadership) actions speak louder than words. Seeing Santa Claus or the Easter Bunny is 100x more likely than the now mythical Anerican Dream.