I agree with everything except that the importance of ownership would go away. There is a lot you can't do while renting, things that would improve your day to

I agree with everything except that the importance of ownership would go away. There is a lot you can't do while renting, things that would improve your day to day life in ways you prefer. You can also just be moved on at any point, say the house sells or the landlord changes heart. Of course there are protections but renting is never as stable as ownership. It's a necessarily transient arrangement.