Why is it wrong to want to have equity in the place you live? "Ownership" could be a house, it could be a townhome, it could be flat. But in the US, "owning" an apartment is very rare, while real estate investors buy up all the valuable land in the urban cores of cities and rent it.
If you want equity in real estate nobody is stopping you. The problem is when people get this idea that we need to discourage investors from building very greatly desired rental housing.