Renting is the best solution for workers from villages to cities, because they don't have enough money to buy it, and in my country to have a standard house, which the government provides through private companies, must have standard criteria, such as their salary in a city company , for $450 and must also be a permanent employee of the company. In addition, renting is lighter and with less financial responsibility and maintenance costs, as this is usually the responsibility of the landlord.
This is true since, for instance in our country, renting is the first choice for a common family since it is really costly to buy a lot and or house or property. This is paired with low minimum wages that results to incapability of most people to invest in housing. So, they really have no choice but to rent. But personally, I think renting is somehow waste of money since you are paying your stay only not the property that eventually goes into your name. So, it really depends on your mindset to whether see it as a good or bad thing.