I wouldn’t say I live in a dump in Northpark, more that I inhabit it. I’m addicted to cheap rent. 900 a month and I can walk most anywhere I want and I ride to work.
Hopefully the RE train wreck gets bad enough to allow me to form an addiction to a lovely home, not just a compromise home.
Renting does present you with more options, but even with lots of job changes and several moves in the last 8 years, I still live basically in the same area.