From my own personal experiences, I’d also say that renting has helped us avoid lifestyle creep. When you rent, you have no inclination to renovate the space, put in new fixtures, or install a new hot tub in the backyard. Mostly because your landlord either wouldn’t let you or would raise the rent on you for the added value. With your own property, you are free to do as you want, which is nice for the flexibility but often times you will improve your home beyond what you need because, well, you can. Not necessarily a bad thing but it does encourage an increase in lifestyle and spending.