>Who do you think you're renting that apartment from? If enough of the housing market were publicly owned (see Vienna) or decommodified (meaning, it is illegal

>Who do you think you're renting that apartment from? If enough of the housing market were publicly owned (see Vienna) or decommodified (meaning, it is illegal to own more than one housing unit/to rent property out. If you own a residential property you must live in it) the laws of supply and demand dictate that the price of the property would be lowered until the point that the people who would like to rent there, in aggregate, would be able to afford to purchase instead. Of course this will probably never happen because too many people would have the rug swept out from under them in terms of net worth, but it is possible.