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"There's zero evidence to believe that this will be the case" Well I guess it depends on the regulatory framework, imo it's the constructor lobbies pushing such a narrative... in more developed societies where cheap labour isn't so available rental has become the norm...of course one could also argue that high real estate prices mean the rich and unscrupulous can hide and flip huge amounts of ill earnt gains... but it doesn't have to be so... Are there housing cooperatives in the US?https://en.m.wikipedia.org/wiki/Housing_cooperative