Cailian,

In the U.S., rentals beyond one year are rare. Longer leases could provide stability for both renters and landlords.

Home buyers reap the financial reward from federally subsidized mortgages and deductions of local taxes from the federal. These should be eliminated as they foster inefficient and expensive housing, plus many other negatives.

Homeownership was a traditional way for ordinary folk to save, but today, alternatives (the stock market) avoid the often unappreciated maintenance costs of roofs, furnaces, driveways, and fallen trees.

We could benefit from a social change in which buying or renting is primarily a financial mechanism, as it is today with autos.

Excellent article. Best.