Also, renting from a private landlord and owning are not the only two options that can exist. Social housing can be incredibly stable as well, and there are lots of different possible models for social housing.
I read an article recently (can't find it immediately) proposing a social housing mechanism where you pay into it via rent and gain equity not in the specific housing unit itself, but rather in the social housing program as a whole. Kind of like a REIT, only at a certain point you get an entitlement to a housing unit and no longer have to pay rent, as if you'd paid off a mortgage.
I read an article recently (can't find it immediately) proposing a social housing mechanism where you pay into it via rent and gain equity not in the specific housing unit itself, but rather in the social housing program as a whole. Kind of like a REIT, only at a certain point you get an entitlement to a housing unit and no longer have to pay rent, as if you'd paid off a mortgage.