The economists’ answer is that renting exists for the people in this situation. You may be moving to another country for a year or two. Are you going to buy a new house every time you move? Renting gives flexibility in that regard.
Likewise for refugees, putting them up in a rental is a more efficient solution than building new housing for each family.
That said, the model provides an inherently exploitative market and needs some kind of overlay to function efficiently, which in most US cities it doesn’t at all.













What about cases where the move is only temporary? Should people sell every time and hope there is a place to live when they return?
In the private lender case, do you see that as different from someone who starts their own company and manages the property themselves while the renter pays them directly?
The earning equity piece isn’t necessarily incorrect, what the owner is losing is potentially the opportunity to move at all. This assumes they can afford a mortgage + whatever it costs to live somewhere else.