You will own nothing and be happy about it!
(media.kotakuinaction2.win)
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At one point in my life I had condensed my belongings and moved for a new job. When I first arrived in the city, I had nothing but my car, my computer, and my clothes. It was kind of a cool feeling to know that if I wanted to get out at any point, it was a matter of packing a suitcase and breaking down my workstation and filling up my gas tank.
But I wouldn't want to live like that. Particularly with the value of my paycheck plummeting due to inflation and having no control over what my renters charge.
There's mental value in downsizing stuff. I do it all the time.
One thing you mention is rent change. That's my favorite part about having a house, it's cost certainty. Taxes and insurance change sure, but when all the houses around me double in value (and they almost have), I still pay what I bought it for. No one is going to come around and say "oh uh yeah this area is more expensive now, you have to pay more"
The government will when they hike your property taxes
They do, but you’re going to pay that in rent too, along with increased value. Albeit in Texas I’m actually expecting a decrease this year.
Exactly -- I can't imagine living in a situation where my "landlords" could not only raise my rent, but could raise the cost of "my" car, the cost of "my" office space, or the cost of god knows what else. (Oh hey, renting shovels just got more expensive. I guess I'll have to delay that planting I was planning on doing.)