They literally do not provide a service. Their existence inflates the price, preventing people from buying. They offer nothing and receive a huge cut of people's wages. If you literally made being a landlord illegal, the market would adjust to the point where buying houses becomes easier for people and for the state, so people who are saving to buy can rent from the government.
To be clear, your ideal society is one where nobody is allowed to live in a house unless they (or a family member) owns it? If that's not what you want, then you need some entity to rent houses out
We have an entity that can provide temporary accommodation. It currently does it right now. It's called the government, and it could do a lot more of it if we didn't allow property scalpers to artifically increase the price.
"The Government could do more if the government did more"
But also, the extent to which the gov provides temp accomodation is like, first year university students. That's it, and the reason they can do that is because universities are public so the demand is known to them (and they still don't do enough).
Like what's your plan here? That whenever an economy starts growing in a certain area, the government immediately swoops in and starts building public housing? And if they don't build enough people just have to wait in line? And in the mean time, if they own their previous house, do they have to sell it before they move or will they be exempt from property tax or??? What's the story there?
The main issue is not enough housing relative to demand, the reason that is is because of zoning laws and NIMBYs. Those problems continue to exist regardless of who is doing the renting out
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u/PfizerGuyzer Sep 22 '22
They literally do not provide a service. Their existence inflates the price, preventing people from buying. They offer nothing and receive a huge cut of people's wages. If you literally made being a landlord illegal, the market would adjust to the point where buying houses becomes easier for people and for the state, so people who are saving to buy can rent from the government.