I'm not the parent but I have to say that's an over-generalisation. The costs involved with buying mean that the balance between renting and buying can be tippe

I'm not the parent but I have to say that's an over-generalisation. The costs involved with buying mean that the balance between renting and buying can be tipped firmly in favour of renting even for 10+ years. I ran several calculations earlier this year as I was considering buying for the first time (it seems easier for those who are already on the ladder) and this turned out to be true for me. I pay an incredibly low amount of rent for Silicon Valley's current rates. Given the area and amenities I want from a property, I save significantly more money renting and can live somewhere I actually like; unless I decide to commit to the country for 10+ years -- and I would lose my entire cushion of savings for startup runway funding in the process -- renting makes a ton of sense, even though at the base level the equation of "paying money for someone else's mortgage vs paying money for my own" seems a no-brainer.