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

We're not in Sydney, but median house price is Sydney is around $1.5 million now.

For us, median house price is about 2/3 that and we're in a regional area.

We can't get anywhere near close to saving for a deposit even on our two incomes. Banks require minimum 20 pct deposit, and there are no home buyer support schemes accessible to us.

Do you see renting as the way everyone will be as a lifetime proposition for the future?

btw we did look into rent-to-buy and freaked out at how dangerous/risky that is.

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HoeBag · 46-50, F

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.