/biz/ - Business & Finance

Renting is costing Millennials an average of $100k before they even turn 30.

https://www.creditkarma.com/insights/i/millennials-spend-nearly-100k-on-rent/

What are these kids supposed to do? Renting is pissing money away while the housing bubble has home prices at exorbitant valuations. /biz/ what do you think is the proper course of action to not getting shafted financially? Taking out a mortgage sooner and building up an asset or renting until you can afford a larger down payment and hoping home prices drop by then? It seems like unless you have a good inheritance or estate you can't avoid getting fucked. Also any general commentary on rent/home prices and markets are welcome.