The video was completely void of real content and seemed more created as an attempt to self-justify and rationalize the choice for the author of it to rent, instead of buy a home.
There are different markets, different economies, different lifestyles, and different situations. For some in some places, renting is wiser. For others, owning a home.
I sure delight in knowing that the home I bought in 2010 for $195k with 20% down and a $160k mortgage at 4.85% is not only worth $220k today, but costs me the same about ($1,200) for mortgage, insurance, and property tax as I used to pay just for my rent. And the place is 3,000sqft versus 1,000sqft of the apartment. And I get all the benefits of a home, such as a lawn, storage, nobody pounding on the floor because I'm listening to music, pets, a security system, and nobody else with a key to let themselves in whenever they feel like it.
In addition, that $1,200 I paid in rent started as $1,000 only four years earlier. In twenty years, it'll probably be at least $2,000+ while my mortgage will still be $850 (not counting insurance/tax). And, in the end, I'll have actual property that is worth something.
I see so many of these arguments back and forth and it always sounds more like people trying to convince themselves that they made the right decision than trying to convince someone else what decision to make. It's a lot like parents frustrated by their kids trying to convince other couples that they should have kids. Or a married couple always trying to convince their friends that they should get married.
It all comes down to individual situations and opportunities. Where that guy lives and with his opportunities in that market, his decision very well may be appropriate for him. For others, not so much. And that's okay.
After all, my next step is to buy more property. Real-estate is a dandy way to counter inflation and when I buy a couple more properties, I'm going to need people like the guy who made that video to be willing to pay me rent.