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Currently, I neither rent nor own. My parents moved recently, and the house we live in was my dad's friend's house. He passed away and since my dad helped him out so much, the friend's father told us we can live in it as long as we wish without having to pay any mortgage or rent. I guess it is a basic return in favor, but before we moved here we used to pay mortgage on a house before actually getting to own it.
My mom's renting our cramped yet oddly cozy little apartment. :B
We have no intentions of ever buying a house because we can't afford it, for starters. But I might buy one should my income allow it whenever I have a stable job later on in life.