[airza]

It's certainly more feasible to rent if you don't have the money to buy a house, which is why every single renter i know is doing do. I'm just not sure why this is necessary or a valuable economic innovation that justifies the rent paid.

[toast0]

Rentals are a useful innovation because the transaction is beneficial for both parties.

The leasor turns their large investment into a stream of payments, and the leasee turns their stream of payments into use of a large investment without having to make such an investment and without needing to have the capability to make that investment.

Avoiding making a large investment in property makes it easier for the leasee to move if needed, since there aren't significant costs to unwind a lease like there are to unwinding property ownership.

[em500]

You're not sure why it's a valuable economic innovation that people who don't have the money to buy a house can rent one? What alternative are you suggesting, that they should get a house for free?