I'm skeptical of its implementation. So much land is bought up by a small number of entities with a lot of money then rented out at a profit indefinitely with l

I'm skeptical of its implementation. So much land is bought up by a small number of entities with a lot of money then rented out at a profit indefinitely with little to no value added. My parents have been paying rent for 15 years and the only involvement from the landlord has been fixing the heater once or twice after having to be harassed to do so. In this situation he's essentially a parasitic middleman for property taxes. There are legitimate reasons people may want to rent instead of own, but it seems to me that it needs to be curtailed to some extent. Maybe controls on how much property can be rented or owned without occupying so that people who want to live in a house without sending half their paycheck into a black hole all their lives have a better chance.