~snip~
oh yeah, I do agree that when you want to settle and grow a family, buying a house is a better option, but that's definitely required a lot of money, so that's why, when we are single and doesn't have much responsibility renting small apartment in the central area of the city is much more reasonable then buying house in a suburb.
Most mortgages these days are for 30 years, so you have to be relatively young to get it in the first place.
If you are in your 40s, 50s, then the chances of even getting a mortgage might start to decline, as you would have to be paying for the mortgage after your retirement age.
I'm not sure what will happen, but clearly things are changing, and home ownership age is increasing.
But at the end of the day, if you are paying for your mortgage for your entire life, then it's almost the same as renting in the end.