I think that If someone owns a House/Apartment they can easily withstand economic shockwaves.
I don’t think that an increase in food prices and other necessities is as affecting as an increase in rent prices.
for example, A person has an income of 1000$ per month and doesn’t pay a rent would most likely be happily satisfied with his life.
Unlike a person who has to pay for rent plus necessities.

Notice: The Income I mentioned was random and of-course differs from one place to another.
let me know, What you think!
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