Whether you are low income or high income or any where in-between, the sooner you stop buying things in order to bolster your social status, the sooner you are free. Freeeeeee!!!!!!!! And can stash away money to support the lifestyle you really want.
It's all about self-actualization, and being poor while renting stuff is just stupid. That's actually a cultural issues, not one of money.
Supposedly most poor people are too smart for this, or at least that's what the literature leads us to believe. Yet in my urban core area there is one rent-to-own place. I suppose it could be worse with multiple places.