[jayess]

I tend to view ownership as more transactional. Does ownership confer a shot-term and long-term benefit? Some of the biggest purchases in our lives turn out to be wasting assets: cars and houses. I'm happy to not own because those things are liabilities. I put my money into income-producing assets whenever I can: rental real estate, stock and bond funds, hard-money loans, etc.

I'd be more than happy to not own a car and just pay a monthly membership fee for a driverless car that will pick me up and take me wherever. I like renting my home because it offers maximum flexibility and I don't have to worry about a broken water heater, leaking roof, or getting in trouble for not shoveling the sidewalk.