Exactly - look at all the recent news getting people back to work who've managed to pay off their mortgage and retire early in their 50s or go part time cos they don't want to be on the hamster wheel as much or anymore.
If you are constantly having to pay for things esp a house you are never financially free unless you live that type of life where you enjoy moving about places and countries like a nomad.
Like anything on subscription or lease, the terms and conditions can change and rarely are they ever in your favour. I mean look at netflix cracking down on password sharing and plenty of noise about that - people actually having to pay for what they use lol. More recently with the rental increase due to interest rates going up and people who are renting finding they can't afford it anymore and having to go to something (if they can) that is worse than what they had.
You lose an element of control and freedom.