We're rapidly heading toward a recession, but unlike 2008, home prices are unlikely to decline very much since in a rare show of form, the government did its job and has required lenders to scrutinize borrower income much more closely since the housing crash. With that said, a $750 a month rent would be a steal and much cheaper than most mortgages you could get, however the long term strategy for wealth would still be to own a home though. I wouldn't bet the farm on the entire world crashing unless you know something the rest of us don't, and owning a home potentially gives you unique ways to defend yourself and family that an apartment wouldn't. It still seems to make sense to push for homeownership even if we're heading towards a civil revolution. At that point, we've all lost everything either way.