Yeah, it turns out that a system that rewards people for simply having possession of something leads to behaviors that are harmful for society.

That’s not what renting a property is. Have you noticed when the water heater goes out in your apartment, you don’t pay for it? People who own properties that rent them out, absorb the risk of damage to the property that both the tenant will do directly, as well as regular wear and tear. This doesn’t even get into breach of contract from a tenant that simply stops paying rent, can’t be evicted, won’t leave… etc. Or one who simply moves out without telling the landlord, leaving the landlord to try to scramble and figure out how to get it back on the market so that they can cover their expenses.

When rent in an area makes renting the property more attractive than selling the property, rent in that area will go down because of an increase in availability.