Another reason to BUY properties is that it's getting harder to RENT.
I'm helping a well qualified renter because he's not ready to buy. A Compass Place Arcadia Terrace 1bed 1bath rental came up at $1500/month and I immediately called, but already this rental had been snapped up.
At least when you BUY a property, you are all set for 30 years. Your monthly payments stay the same for your 30 year mortgage (unlike if you rent, you don't have control if your landlord wants to raise rents)and YOU decide how long you want to stay (unlike if you rent, your landlord decides when they want to kick you out to sell.)