Yes the price of housing is out of control and it is in much of the western world at the moment. But mortgages existed long before this happened, there is no ca

Yes the price of housing is out of control and it is in much of the western world at the moment. But mortgages existed long before this happened, there is no causation there. As for rent, even under normal conditions rent will be subject to inflation and a mortgage won't, plus there's that juicy zero rent future to look forward to.