Mac you've lost me....
You are getting the equivalent if not more value than the guys that have rented, rented because they have no option than to do that. ie they don't have the cash available to put the deposit down on a place to buy.
Those that did buy stuck their necks out in a very uncertain market brought cash in from o/s either from selling their homes or divesting investments, and have done well....good on them. (at least their not making the fat landlords fatter)
Why if it sticks in your throat so much don't you buy???
I am at a loss to where your resentment comes from.
Just for a moment have you ever contemplated living in UP or 21st??? You would take any oportunity that came your way to get some space after that.