Agree on all points but for many, even a full day's worth of work doesn't cover their basic costs. Depends on where you are but over here, rent is a huge and unavoidable problem.

I find this true from experience. We're forced to borrow way above your head (mortgage), or someone else will and try to make a proportional return by charging you rent. If these loans were not available, the prices would be cheaper but there would be many who wouldn't be able to afford to buy at all though.