That's stupid.... why rent a house? may as well cut out the middle man and sleep on the streets? why pay for digital satellite tv? may as well cut out the middle man and read a book.
No it's not.
If you're paying someone for a hacked satellite TV box, what is the point?
If you're paying someone to live in a house that they don't own, what is the point?
By all means pay for a service like this (I pay for Spotify), but make it one where you're actually getting something for your money.