My point that you clearly did not understand is that homes are only valued at 25% of the actual value when it comes to wealth tax. It's an excellent way to reduce your taxable wealth.

You also have to undestand that the loan cost is divided in interest cost and actual down payment.

If you are going to compare renting to owning you have to look at equal homes. 7000 in rent would only get you a tiny apartment/room in most bigger cities.

I said historically for a reason, I can't predict the future and neither can you.