Where do young adults live? Where do new residents in a city live?
I wonder if in this hypothetical "no renting" scenario we'd see complete home maintenance service companies take their place. It would be an improvement - you can fire them without moving, but I don't think we could expect them to be any less exploitative than landlords are now.
>Experts refer to Vienna’s Gemeindebauten as “social housing,” a phrase that captures how the city’s public housing and other limited-profit housing are a widely shared social benefit: The Gemeindebauten welcome the middle class, not just the poor. In Vienna, a whopping 80 percent of residents qualify for public housing, and once you have a contract, it never expires, even if you get richer. Housing experts believe that this approach leads to greater economic diversity within public housing — and better outcomes for the people living in it.
[1] https://www.nytimes.com/2023/05/23/magazine/vienna-social-ho...
[1] https://www.huduser.gov/portal/pdredge/pdr_edge_featd_articl...
[2] https://apnews.com/article/europe-business-elections-berlin-...
but only 0.5 million out of an almost 2 million population do live in public housing, and it takes several years before you can get such a place.
There's a reason people rent, and it's not because they can't afford a house.
All income from capital is renting.
If we ban renting, why not ban other type of capitalism as well?
Well one of those things is needed for human survival.
Another thing to consider is that houses come with a 6% commission to pay the agents. If I have to move a few years later, and can't sell the house for 6% more than I bought it, I have to take a capital loss.
Owning a lot of land/houses isn't really the problem. It's when you're not using them that's the problem. You should just sell and not leech on society by renting.