[tathougies]

> The key problem is the rich buying property for literal rent-seeking to become even richer.

Well, no. The only reason they can expect the rent is because the tenant is unable to buy. If there were more housing that was within reach to be bought, then rents would go down, and the landlords would find themselves unable to rent profitably, and would thus sell the home at the market rate.

As with all affordable housing 'issues', the answer is to build more housing.