BUT... when you go 30 years you are hedging against inflation.

. or keep it in a savings account I feel like I’m losing with inflation.

"You're barely keeping up with inflation, not to mention all of the costs that go along with owning a home."

At 19 our eldest daughter did the same to avoid overcrowded dorms & the inflated residency costs.

But when looking at a bench mark for prices I prefer to look at the inflation adjusted historic norm.  

We have artificially inflated prices, in most of the areas with cash sales to out-of-state folks, or local  cash buyers.

Otherwise the money has to come from your own pocket or an inflated rent.

Wages are going up slightly with inflation. 

Prices have been inflated and too many buyers are willing to buy ignoring the fact that their investment will be underperforming-at least that is my opinion.

What it does provide is year-over-year property appreciation AND rent price, high tenant demand - demand just exceeds supply, as well as net migration and being an inflation-proof vacation destination.