It is not a crime to take risks. Or to avoid them. Or to enter into contracts on mutually agreeable terms.

Owners risk their capital and defer their own consumption. The renters preserve their flexibility and get more house than they could have afforded to buy and avoid losing their shirts in housing busts.

Sounds like a win-win to me.

Ah, but if you can use the power of the state to give you the economy of renting with the rights of owning, without those annoying responsibilities, then you've really got something!