How Homeownership Became the Engine of American Inequality 9 years ago
Just a thought experiment: If home ownership was rare, almost everyone would be renting. The management company in addition to having to pay the bank loan would also have to make a profit.
To me that sounds tantamount to another tax on living. Anecdotally, owning in LA is cheaper than renting a comparably nice place. And that's irrespective of tax breaks.