Logic and math? We bought two years ago, my mortgage + taxes are about the same as what it would cost to rent a similar home today in the same neighborhood. I g

Logic and math? We bought two years ago, my mortgage + taxes are about the same as what it would cost to rent a similar home today in the same neighborhood. I grew up in the bay area and remember my parents buying a home for $16,000 and selling for $28,000 thinking they made a killing in the real estate market. This area started back in the gold rush and continues today on the boom bust cycle. But having been through a few, the low of the current cycle is still usually higher than the high of a cycle or two before. I also think we may be entering a period world wide where there is more people with money than nice places to live. I have noticed as well that there are not enough "starter" homes, so they don't fall in the busts as much as the higher end homes tend to.