That makes more sense though. Since one can't easily take a home with them (it's fixed to the ground), renting a dwelling provides flexibility and liquidity for life changing events.

It's very cultural though, in eastern Europe you often have 80/90% of people living in a home they own.

You still have to pay for utilities and taxes: No way to escape that unless you live in the wilderness.

Because buying a house is even more unaffordable.

Which should be illegal. Rent would be fine if I got a purchase option after x years of renting. Housing shouldn't be something people profit off of. Landlords are simply leeches.