I bought in 2012 in my early 20s. This was the line I'd been hearing out of the older people I knew leading into 2008 to justify not saving. I'd worked renovating houses with my dad, so knew enough about market cycle that these people sounded dumb. Most are complaining about the price of their rent, or bought at stupid prices and will be crying soon and unable to get out of the mess they got themselves into by panic buying if they don't get foreclosed on by thinking variable rate was great savings at the lowest interest rates in decades.