The factors of living vs driving a cool car is not even comparable. Its not even the same. Cars are far more replaceable vs a living space.Could you say the same for renting and owning a house?
I know many people and families that decide to rent instead of own a house.
Why? Because they pretty much all say they want to move, whether it's location, size, price... ect.
I agree with you...
But in a small degree, it's the same concept. Not everyone wants the same car their entire life.
Every few years or so, they want something different or more convenient to their likings.