I heard the market for buying is different than many other places because of the social pressure to own - when a man marries for example they often need to have

I heard the market for buying is different than many other places because of the social pressure to own - when a man marries for example they often need to have a house, or else it could put the marriage in jeopardy, in effect increasing the value of the property beyond the value of a place to live; extended families are willing to pile on to help a young person afford that house, so owners know they can overcharge for their properties. But idk how true that is/how much it explains the crazy divide between rent and sale prices.