The one issue I would raise with your analysis is that if things were very different (like all people who wanted a home had one) a second home rented out not to the desperate but people in a transitional state could be a benefit to the community. Think college students who are attending school somewhere they do not plan to live long term, and who prefer not to live in a dormitory. Or people who are staying for a few months in another city for their work or visiting family, where a hotel would be prohibitively expensive.

[–] antidote101@lemmy.world 5 points 6 months ago* (last edited 6 months ago)

Interestingly enough, something like 86% of Vietnamese people own their own homes...

In part it's because 70% of the population are farmers, and if you live in a rural area and pass a test on raising crops the government will just assign you a plot to farm.

I imagine home ownership is also very high in Japan, where they've had a negative interest rate and deflation for 25 years. Their housing bubble burst with their aged population explosion and the total population being in decline.

[–] sentient_loom@sh.itjust.works 4 points 6 months ago

Yes, if things were different then things would be different.