But with no ability to borrow to buy those, then cheap, houses, who would buy them and why? Sadly the answer would be: those with cash so they could rent them out.
There are limits of course. Building a new house has a minimum cost, which factors into the value of existing homes. But with lower investment costs to buy a house, less pressure to make that cost back with high rent.
It would crash housing prices, which would be objectively good. I can’t say for certain if it would be worth the other costs.
But with no ability to borrow to buy those, then cheap, houses, who would buy them and why? Sadly the answer would be: those with cash so they could rent them out.
If houses cost less then rent could go down.
There are limits of course. Building a new house has a minimum cost, which factors into the value of existing homes. But with lower investment costs to buy a house, less pressure to make that cost back with high rent.