Not me personally, but I've seen it in others. I live in an EHCOL (Extremely High Cost of Living) area. Housing prices have doubled and doubled again in the last 18 years. Several families that I know did not buy houses/condos during that time, though they could have, because they wanted to avoid debt or wait until housing declined. In the meantime, rents went up 10% every year. Eventually, they were forced out of the area due to housing costs, and now commute 1.5-2 hours each way to their public service jobs that they can't leave, due to pension issues. These were frugal people, that screwed themselves royally due to being too frugal and debt averse. A crappy 1200 square foot 3/2 house went from $300k to $1.2M in that time.
I don't fault these folks for their instincts, but I find it interesting that they don't pull the plug completely on this place, and move to somewhere where the wage/price structure is more affordable. Now they have the worst of all worlds: high taxes, horrible commute, crappy schools, bad air, bad water, and hot as hell in the summertime.