Renting in some cases is a valuable service to offer, but its also a bit of a chicken and egg problem.
When a huge portion of the population is renting only because they can’t afford to buy, the few people/businesses that can afford to buy rental properties are essentially just extracting value from renters. Getting paid to do nothing like a parasite.
Makes them get ahead faster than renters, and they buy up more and more properties. Driving up prices for both owners and renters.