re: Every time I passed on a real estate purchase because the price was too high...

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1 bazzallion % wrong. What got us into the housing bubble back then was 0% down, no doc loans made available to literally anyone who asked for it fueling speculation at an unsustainable level.

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I said "in part" - and I'm right. The people taking the 0% down, no doc loans were motivated to do so because they were fed a steady diet of "you get the mortgage deduction!" and "real estate never goes down!" and "renting is throwing away your money!" nonsense.

If you had a realistic idea of real estate, you wouldn't just willy nilly buy properties - even with overly-friendly financing.

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This market is completely different.

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Oh, I agree it's different. But that doesn't change the falsity of the statement "renting is almost always throwing your money away".