There will always be a market for relatively short term living spaces; a gap currently filled by rentals.
Any person who is not living in a place temporarily, eg, for school or a temporary job posting or something, should have the ability to buy a home at an affordable price, without fail.
The housing market is saturated with house flippers and people with more money than sense looking to become a landlord so they can have an "income property".
IMO, all rentals should be either run, controlled, or at least strictly overseen by a specific branch of government dedicated to the task. Anyone who wants to become a renter has to get their rental property approved for renting, and approvals only happen if more rentals are strictly required.
.... You think that living in China, under the CCP, somehow provides a better quality of life than living in North America?
You lost me chief.
Their infrastructure might put ours to shame, and I'm not going to say that everyone lives in poverty there, there's billions of people in China; but when it comes to general happiness and quality of life? Nah. I don't believe you, and I don't agree with that assessment/opinion.