I think the problem with the renter lifestyle is that you are always going to be paying market price for your home, until you die. If you rent a place at 18 for 1000 dollars a month and stay there for 10 years, it may cost 2000 dollars a month. For me, as a homeowner, my mortgage is locked in, if I pay 1000 now I will pay 1000 until/if I sell, then when the home is paid off I have no monthly payment save insurance and taxes.

The only time renting seems to pay off is if you plan on moving frequently or if you are ok living in a smaller space for less cost in a prime area. For the rest of us it is better to buy and sell down the road if needed, as long as you aren't doing this too often you almost always come out ahead.