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"Why should I pay rent and cause someone else to gain equity? With a mortgage, at least I get to keep the home at the end!"
So you're willing to harm your own ability to gain wealth in the name of not making someone else rich?
For the record, it's not just mortgage that you're paying. If your downpayment is too low, you're paying into mortgage insurance. You have to pay the homebuyer's tax. There's legal fees for the purchases, the home inspection, etc. Don't forget moving fees (unless you get people to help you).
And during ownership, you have insurance, maintenance, strata fees, then emergency expenses (such as a refrigerator breaking down).
Then moving out, you may have to pay agent fees, moving fees, and taxes again when buying your new place. Perhaps even fees for refinancing if you're in a pinch.
None of those expenses are things you'd have to worry about if you just rented.
Rent, save the rest. https://www.bloomberg.com/news/articles/2023-02-10/millionaire-renters-are-on-the-rise-in-high-cost-us-cities
@manlycoffee having a home locked in on price (slightly) compared to renters,
being able to do what you want with the home,
having privacy,
there's actually an equation for whether it makes more sense to invest in stocks vs rent a house (if that matters) - it involves the price of renting, the mortgage rate, and the stock return rate.
nothing wrong with asking friends to help...
Also the amount that landlords are upping prices by is insane.
the undesirability is pretty much what is baked into the discount of renting.
Landlords are just undercutting stratas/HOAs, but in exchange, you don't get the luxury of home ownership.
Doc Freemo 
Generally you will pay a good deal **less** per month with a mortgage even with all the extras. REally wheree i think there is an argument to rent is if you dont want to be locked down to a location. If you want to move every few years a mortgage is **not** the way to go. But if you are going to keep the house until you own it(and perhaps even rent it out rather than sell if you move) then a mortgage is a great economic choice and it certainly isnt "hurting your ability to gain wealth" since it is both giving you collateral and saving you money over renting.