Perhaps, but unlike renters, I also receive very nice tax deductions at the end of the year on both my own home, and my rentals. How much of your rent do you ever get back?
And BTW, it’s not just about the rising costs of properties, when obviously everything else is also going up to support it (property insurance, taxes, maintenance, materials, labor, etc.).
Although IMHO, if there’s one important takeaway from your observations, it’s to make sure you invest in owning rentals!