Not to mention the people that choose to rent. We can argue over how much landlords deserve, but they should generally be providing a service as well - maintaining the property and shielding the tenant from some of the risk.

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.