This guy might have a point if you rent a bare-bones apartment, then aggressively invest the rest in a quality stock index mutual fund.
However, that takes a discipline many renters just do not have. Plus there’s the quality of life thing. Sitting on your own back porch does have a certain charm.
That doesn’t mean you should not rent. Some apartments are located in great areas. And there’s no grass to mow. So add up the pluses and minuses for yourself.
Paying rent makes some other family rich.
Which I have no problem with parents helping their children with getting their first house, keeps the wealth in the family.