that condo will be worth 1.5 mill in a decade. let say your ridiculous little fantasy is totally not a lie, and you're paying half of what the landlord pays monthly. in 30 years you will have paid 900k. he will have either sold the house and made money on appreciation, or he'll keep the condo and you'll live for another 30 years (the remained of your life, another 900k). all this of course is completely made up, because your landlord will raise rents when feasible. so you will definitely continue to pay more and more rent as you grow older and older.
United States