They bear the risk of prices going down. If I rent a $100k condo, and the housing market goes down 10%, I don't owe my landlord an additional $10k. (Schematical

They bear the risk of prices going down. If I rent a $100k condo, and the housing market goes down 10%, I don't owe my landlord an additional $10k. (Schematically, my rent even goes down 10%).