[exe34]

> which is largely unrelated to the mortgage costs

It's not unrelated - if the costs go up, they won't operate at a loss. They might sell to somebody who can buy it outright - but then many won't and just raise the rent. And then others can claim "muh market rates" to match them.

There's a shortage of housing in most places with jobs, so they have a large queue of people willing to pay through the nose. What are they going to do - live under a bridge? They will cut out most other expenses before they give up on housing.

Only two of those points weren't bullshit: the ability to up and move in the next year or the concern that you may be about to lose your job in the next few months. Anything else makes buying cheaper in the long run.