I don't understand the idea that if landlords don't exist then prices come down. Assuming that most of these renters that you speak of want to buy, then the demand remains the same. The problem is in the supply of housing,
I don't doubt the veracity of your story but it's a very simplified view of the reality. Many who have overstretched themselves in this manner have ended up on their arses because most of them are borrowing to do so and, maybe contrary to popular belief, a good landlord doesn't always make...