> Parent said that nobody should be able to profit, this will not eliminate the rental market. It certainly will. Why would anyone sit in a rental property tha

> Parent said that nobody should be able to profit, this will not eliminate the rental market. It certainly will. Why would anyone sit in a rental property that makes no money rather than just put it in a savings account? Even with how bad the return on investment is for savings accounts, it's miles better than 0. Sure a private entity can still rent technically but they wouldn't. Let's not consider what's legal, let's consider what people would actually do. That leaves one entity who will be willing to rent, the government. Nevermind the incredibly poor reputation that government housing has, how will they set prices? What effect will that have on private home ownership in general? What effect will that have on personal my mobility? I would have great concerns that you'd be stuck where you were born doing the same job your parents did because nobody would ever leave their guaranteed housing in high opportunity areas. And what of commercial real estate? And then we circle back to public housing. A thing that already exists and nobody wants to be in. Once the rental market is destroyed and the housing market follows because individual house sellers can't compete with the government funded and subsidized rental market, nearly everyone will live in public housing where a faceless beaurocrat is responsible for the maintenance of thousands of properties that they really don't care about. Low income neighborhoods will have underfunded repair services with ling wait times and shoddy workmanship while the nice neighborhoods will enjoy prompt service by qualified technicians. I get that the current situation isn't great but it'd be nice to come up with a better solution than destroying the whole housing market in favor of what would inevitably lead to Soviet style housing projects[1]. [1]https://en.m.wikipedia.org/wiki/Khrushchevka https://en.m.wikipedia.org/wiki/Khrushchevka