The other thing is that, as this article points out, this isn't just pure "supply and demand", because the government is pouring subsidies on property ownership

The other thing is that, as this article points out, this isn't just pure "supply and demand", because the government is pouring subsidies on property ownership, pushing interest rates to 50-year lows, and offering tax incentives for owning homes. None of which gets passed to the majority of renters who end up paying the higher rates. It's a very good point and it's worth talking about.