What instant gratification? Real estate is low time preference. All these bitcoiners who never been in re sound as bad as all the no coiners talking about bitcoin.
Discussion
Buying a house to become a homeowner is an instant gratifying decision as the mortgage takes 30 years to pay off so it’s pulling forward the ownership. It’s a liability and not an asset. Rentals are different since that actually generates cash flows but I’m not interested in effectively an LBO when I can get 45% CAGR without property management headache
How long does renting take to pay off? You are right, I don't find renting gratifying.