After 25 years with a mortgage I now have an asset worth some £200,000. After 25 years renting the tennant has just one more month's rent to find and no more than he can save given that he has a monthly outgoing much the same as the house owner.
I had a spare house until a year ago, sold it and made £40,000 in eight years on an investment of £50,000 and that is without the rental income of about £28,000. Maintenance cost me about £3,000 in that time. Those kind of figures are not possible nowadays but nevertheless bricks and mortar on the whole appreciate so it is worth borrowing money to get a house considering that you would have to pay out the same amount or more in order to rent.
Most people rent because they cannot raise the deposit required for a mortgage. They are paying out much the same each month as those who are lucky enough to get a loan.
This may be a British attitude but that does not make it wrong.