Close. You’re right there’s no profit without demand. Now, consider what happens when certain entities with way more money than most of us comes along and decides they want to induce artificial scarcity by buying up and leaving empty a ton of houses.

That's a building shortage problem and/or developmental cycle problem. I want to live in New York next to central park. I have a job why can't I?

They both kinda suck. I’d rather live next to someone who is invested in the property.

You didn't answer my question.

I could agree with this if rent was pegged to a percentage of the mortgage value. The issue is that the landlord makes a purchase and now owes, let’s say, 1k/mo for everything. Rent, taxes, fees, etc.

As I stated before, I do exactly this. But landlords have to make a profit. So landlords can only expect appreciation as upside? That's now creating more of a bubble than what's currently going on.