Of course he does. The point is that paying rent to landowners forever is also not a great condition, which should (somehow?) be addressed as well.

Nobody's trying to "take away homeownership". The goal is to make homeownership cheaper. (Apartments are a kind of home.)

"Buying apartments" is not something that happens for most places in the United States, so no. Condos and townhomes exist, but are not what I call the norm compared to houses and apartments for rent.

I know people can rent single-family homes, but I am also against institutional home-ownership. My point is that living-quarters ownership should be more universal.

>Nobody's trying to "take away homeownership"

When houses come down and apartments go up, they are. When companies holding hundreds of millions of dollars of capital buy houses during a recession and say "millennials don't want to own homes anyway, we're doing them a favor", yes, they are.

Why is this? In Australia, buying an apartment is an extremely common thing, it’s not as common as buying a house but still a normal thing.

30 million Americans own apartments; 40 million rent them. So yes, buying apartments is absolutely something that happens in the United States, and will happen more if the prices come down.

What are you calling an apartment?

I know of no one in my life, acquaintance or otherwise, who has equity in a unit of housing in a building with a large number of units. And if someone does, that's typically called a condo, which at least in my 2 million person city is not common compared to houses or rental apartments.

Your anecdotes aside, "About 30 million Americans live in co-owned homes, including 1 in 5 homeowners in metropolitan areas."

Source: https://archive.is/eFvQJ , under the heading, "Condos of all kinds, everywhere"

Ah, so "condos". Like I was asking you. Thank you for the source.