> Without renters there would be no housing Ponzi scheme
If by "housing Ponzi scheme" you mean house prices increasing then this isn't necessarily true.
Even in a world where private renting was illegal and people were forced to choose between home ownership and homelessness, house prices could increase over time because of restricted supply, increased populated and wage growth.
If by "housing Ponzi scheme" you mean house prices increasing then this isn't necessarily true.
Even in a world where private renting was illegal and people were forced to choose between home ownership and homelessness, house prices could increase over time because of restricted supply, increased populated and wage growth.