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Late Stage Capitalism
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Yeah, and it's not the excuse that landlords need to keep up with costs, either, since most landlords are huge corporations, and costs don't increase that fast. Land values plateaued years ago, so taxes aren't ballooning or anything like that anymore. I was lucky enough to have help with a down payment, so I now own, but that's rare, especially in my city where house/land costs are way higher than their value due to the limited supply, which is mostly due to all the properties that are forever unoccupied as investment property or are mostly unlivable, and building material costs have made it too expensive to repair.