And as I said, everyone needs a home, so the personal value of owning a home, becoming part of a neighborhood/community, and the security of not being forced out at the whim of an owner, is also lacking. Not to mention moving costs, security deposits lost(effectively a 13th month of rent dependent on an owners willingness to renew a lease), lack of autonomy over one’s lifestyle(want pets? Need owner permission) are all lacking. The calculus is flawed.