The main driving factor is this "down payment" shit. A person who has a bunch of money can just go get a house and not actually pay for it fully. They can still loose all that money, there's risk there if they can't pay. And that's the difference. Everyone else can't put down that much money. So they can pay a landlord more money than the landlord pays monthly, but they don't have 2 or $300,000 bucks at risk each and every day. I mean, the landlord is payed for the risk they incur.
So a renter only loses a small amount of money if they fail to keep paying rent. However, they pay more each month and also, they loose relatively more when they loose housing and become homeless. So the situation is fucked up. You could for example barely own a house and then stretch and buy a second house with not much left in savings. If you're in that situation, you're a different landlord than a bank who basically only incurs a monetary risk and not a loosing everything you got risk.
Because of this. Maybe we should bring down the "down payment" bar shit. I mean the house could be destroyed by a renter or an owner, but the house will still be there. Banks literally can only lose a little bit of time between ownerships. So if you could purchase a house with just $5000, for example, that would be pretty easy to do for most people who have a job. At least relatively much easier to $300k. You can sell your house to the bank and get yourself a new house. Literally nobody loses if the down payment level is lowered to something reasonable. Ultimately, the banks will always own houses. So why not just state it clearly....you don't own this house but if you had 3 lifetimes, you could. And bring down the payments accordingly to people's income. Keep it locked at 10%. If we did this, what would prevent you from owning a mansion? Okay limit housing to reasonable sizes? Control traffic by only allowing people to own near where they work? So you live 1 mile from work and then you find a new job, congratulations! Now you can be part of the people who can buy near that area.
I don't know nothing. I'm just posting some stupid ass ideas.
If we could ban the for profit landlording that still leaves one big ass hole...asshole if you will. People keep making more people, so who builds their houses? Who pays for their land so they can start their own progressive path to ownership? And I totally agree with this. You should only make enough money to re-paint or re-roof etc. Maybe these things could be a type of insurance like the insurance you buy when you purchase a house with a low down payment.