

I can only speak of personal experience but I rented when I went to university. I rented during my first 3 jobs. I rented when I relocated to another country. I rented when I was contracting for 6 months in another city (I had already purchased a house elsewhere). In every case I had no intention of buying a(nother) house. I rented because I wanted to, not because of greedy corporate overlords forced me to.
Most people renting are in similar situations. They want to be somewhere for a year or two, to make plans or move on, but not be tied down with debt or obligations if they want to leave. There is nothing stopping them buying a property but there is a commitment and obligation they don’t want to get into.
So rent is not going away any time soon. Legislation is necessary to curb the worse abuses, but pretending people don’t want to rent is is a failed argument.
So what you’re saying, is you’re renaming the word to “rent” to “land contract” and move a few conditions around and somehow it’s not rent? It is rent, by a different name.