What would be the economic impact of disallowing the renting of housing?
If the required downpayment is substantial there will be fewer households if renting is illegal. This means the average number of people per household would be greater. Some people would be living in larger households as they save for a downpayment. If the required downpayment is zero then price volatility would imply that some home sellers have a debt from an earlier home ownership experience. If experience shows that debtors tend not to pay then the required downpayment will be substantial. The most likely outcome is substantial required downpayments and a greater average number of persons per household.