> That's a cultural construct The rental versus buying dichotomy is orthogonal to the issue of limited supply. If everyone rents there is still the same overal

> That's a cultural construct The rental versus buying dichotomy is orthogonal to the issue of limited supply. If everyone rents there is still the same overall demand for accommodation, hence rents would be high (due to limited supply) and that would propagate through to push up property prices. End result is the same.