Said my kid over dinner... so I tried to explain that people
borrowed what the bank would lend them, not what they could afford because it was believed prices only go up.
Then Ilooked up the sales history on our house. Its still not worth what the prior owner paid in the mid-2000's.... and that was almost 15 years ago.
Don't let your kids forget!
So then it's a matter of which one has a lower cost, renting or owning. Kids can understand that. (Thought not most adults, strangely.)