Renting vs owning a home

I keep seeing posts from people who own their homes, but I’ve always struggled to understand their reasoning.

Background: I’m 40 years old, married, no kids, 50M net worth.

I live in two different countries, spending 8 months in one and 4 months in the other. Both my wife and I work remotely.

We’ve found that renting a furnished house in excellent gated communities gives us amazing flexibility. We focus less on owning things, and we’re just one phone call away from the landlord, who can make arrangements when needed.

We also don’t own cars or other big material items; it’s mostly just our laptops and electronics (and clothes split between the properties).

What are we missing by not owning a home?

Edit: Thank you for all the great insights.