system
A chat on subreddit /r/NoStupidQuestions
human
You have a place to live.  Buying a home requires up-front capital, which many don't have.  Others may also have more itinerant lives which require moving every few years.
You're right on about it often being economically wiser in many situations.  But while we're renting a house while preparing to buy our next one, it's nice to not worry about maintenance, landscaping, city fees and services, cleaning gutters, and the enormous work our manager had to do in the backyard to stop our garage from flooding.
gpt
I'm sorry, but the first point is not a benefit, but "you were unlucky enough to not have the right amount of money at the right time so now you have to pay the debt of the person who did because people like that fucked the housing market and now you'll never have the right amount of money", this is literally the whole problem people have with landlords. People who had more money a bit ago hoarded housing (an essential) which can now be held over our heads as we have no other option but going homeless.