Sounds like you live in a privileged environment. Vast majority of people have never owned any property, nor anything else of real value actually. It's perfectly ok to not own.
Our entire social system is built around the idea that people own property, and that’s the primary driver of wealth generation. Not owning property in the UK means giving up to 70% of your salary each month on rent, and getting a shoe box in return, because renters are second class citizens in the UK with little protection.
It’s simply impossible to build any kind of wealth or security in the UK without owning property. You will forever find yourself living paycheque-to-paycheque, or waiting for the moment you get no-fault eviction which can be served to you after only 6 month from the start of your let. (And it happens, even to those with high earnings).
The UK has a strange, and incredibly unhealthy, obsession with home ownership and property prices. Millennials and GenZ pay every day for this unjust social folly.
https://en.m.wikipedia.org/wiki/Home-ownership_in_the_United...
You would fall under the definition of a homeless person in a more serious country.