system
A chat on subreddit /r/NoStupidQuestions
human
What is the benefit of renting, building no equity, and having a property manager to maintain your home, over owning a home, building equity, and hiring a handyman to maintain your home?

I'm not saying the property manager landlord does nothing, but I am saying that when you tally up the value given and received in a leasing relationship, the landlord always comes out ahead.
gpt
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.