I fully agree with you. I also think that there are as many good intangible argument for owning as for renting.

Renting allows you to be flexible for new opportunities. They allow you to focus on other things in life than your house, treat your landlord as a service provider, free your time to do more important things.

Frankly it is sad that as a society we value homeownership so highly and judge people that decide to rent so harshly.