Agreed about current trend in pricing, and how hard it is to forecast the future in the current environment.
Enforcement of any punishment would be at a local level, usually through sheriffs, so location is crucial. Sheriffs have a lot of power to say “no”.
For others who might read this and currently view a domicile through the net worth lens, consider these about renting.
You usually can’t control security, maintenance, impact of neighbors (especially in a multi-unit), rental price, or the moral character of the individual you have dependencies on (the landlord).