Is renting until death going to be the new norm in the 'own nothing be happy' land of the future?

Absolutely not. We have to start getting creative about home ownership. We may unfortunately not being in a position where we can all buy a house ourselves or with our spouse or partner, but we can buy a house with a few different people if everyone pitches in. I tell this to my kids all the time go and find a few friends that you trust and who also want to own home and plan to buy one.

yeah rent to own is never a good idea whether it is property or household goods.
Best case scenario is one way over-pays.

It is kind of worrisome about how things are going because a lot of places want ridiculous prices to buy a house.

Of course on youtube videos and other outlets, they are trying to push the idea of these tiny living spaces, so cramped that the bed either folds into the wall or is in an area the height of a crawl space.I see stuff like that and suddenly the house I live in feels like a mansion, even with it's 800 square feet.

I guess though the advantage of renting is one doesn't have to look after the dwelling the same way as if they owned it. They could try to say that upkeep is the responsibility of the renter but let's see how well THAT works out.

Same for a lot of cities in Canada. My generation was able to save up a down payment in a few years of renting. Now the down payment requirement is a much higher amount even for the 5% minimum. It is impossible for many to achieve while paying crazy high rents. I expect to assist my kids when the time comes or they would never make the leap to ownership.

Its about stages! first buy the land then build a habitat (house). I lived in a wood shed on a .15 acre for several years. That was a 50 sq ft shed on a 607 sq meter lot. That 607 sq meters lot was 6534 sq feet of paradise. The 50 sq foot shed had no insulation only a twin matress pullout couch, a toilet, a shower, a hot plate, a toaster oven, a desk, & a tv.

This isnt just an Australian problem but it's seen in loads of countries.
My adult kids will probably only ever own anything until I'm gone and they inherit the family home which is a very depressing thought.

No idea…I am too old to worry about that. Renting isn’t so bad!

ive owned since 30ish
mom finally sold "everything" & is not renting
not sure what ill do after retirement

In a word...yes

It's what they want to do to you .... the elite wants you to live in a cube with all the cubes stacked together you work your whole life for the elite to get rich and your in jail in your little cube that the elitist owns and pay your rent to the elitist....

Without government intervention or people willing and able to live away from where most jobs are, that's the likely scenario.

Here renting is more insane than a mortgage but at that point you are effectively renting from the bank anyway

Its getting ridiculously expensive and unless young people are highly paid or have family to help its almost impossible.

Rent to buy is a scam at best. Never ever do that. Fortunately here in America houses are still affordable with a little effort on your part.

yu vill own nutting.. an be 'appy.
-klause shwab delivers a nazi speech in a nazi accent...