Comment by crazygringo

I mean, you'd eliminate the rental market entirely, meaning that the only way to live anywhere is to buy.

That would be utterly disastrous. Homelessness would skyrocket. I mean, where are people who can't afford a down payment going to live?

Also, a lot of people don't want to buy, even if they can. If you know you're going to live in a city for a two-year employment contract before moving again, you want to rent.