I am not sure why but there are certain group of people who can continue renting a house instead of buying one. For example, my new neighbour just moved in and they are renting the place. From what I see, the father is already elderly but still working. Meanwhile, their two children were grown up as well and yet, why do they not own their own home?
I am puzzled why they didn't want to buy a house and pay the loans instead of paying rentals which will come to nothing when they leave it. I suppose they must have their own reasons for doing it. If they are broke, they can still rely on the house for mortage like what is seen here on california mortgage rate.