We can agree that the land and building is still available as housing, but it’s not property. The renter has no stake in the real estate. They don’t own it. It’s not their property, and their privilege to stay in it is subject to the terms of the actual owner—the landlord.
There’s still many properties available to purchases.
Sure, if you can afford an $700k apartment with a down payment of jack-diddily-squat because most of your income went to paying off some other guy’s mortgage and topping up their savings.
While we’re at it, let’s keep pretending that people purchasing property for the sole purpose of rental doesn’t artificially increase demand and drive up pricing.
Many people don’t have the skill or resources to manage their own property.
If you don’t have the skill to Google the number of an electrician or other tradie, I don’t know what to tell you.