I would never do it given my situation but there are absolutely people that would. My aunts rented an apartment for the last 50 years of their lives. Money completely down the toilet.

The interest paid on a 50 year loan is vomit-inducing, but getting literally nothing forever is even worse.

Of course, this is a terrible move optically because dealing treating the root causes of the affordability issues would be infinitely better than trying to treat them indirectly like this.