re: Can someone help me explain how people are affording a house in today's market?

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Yeah, landlords just love giving a deal to renters and aren't making a profit by being the owner of the home

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Well no shite. I don't think a lot of single individuals are just going to rent by themselves. They usually go in with another person (friend or family). It's doable with more than one person.

If a SINGLE person is buying a home that's less than 1,000 sq feet, it's waste of money.

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the general cost of ownership is being passed onto the renter

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Again, this would be on rental properties that aren't commercial apartment complexes.

Apartment complexes will make a shite ton of money because they are able to cookie cut every room/floor and buy everything in bulk quantities.

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Otherwise no one would invest in rental properties.

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Single family homes that flip into a rental property are usually flipped homes that still take calculated shortcuts into making homes livable for someone else.

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Yeah, landlords just love giving a deal to renters and aren't making a profit by being the owner of the home. There are certainly circumstances that make renting better, but the general cost of ownership is being passed onto the renter. Otherwise no one would invest in rental properties.

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Unless the landlord is a moron ALL of the costs are being paid by the tenant plus a little extra for their trouble. This works fine for about 15 - 20 years when mechanical systems need replacing, roofs need replacing, paint needs replacing, even concrete drives and walkways start breaking down over time. Owning rental properties is an excellent business model for those who know what they are doing...but owning property is an anchor on upward mobility for most people. If you ain't going to be somewhere more than 5 years it is unusual to make realtor fees and closing costs back even in a good market.