> Owning your own home does not align with the density required for a city to function

Much of Europe would like a word. I grew up in a block of flats where everybody owned. 16 apartments, around 60 people, lived on the footprint of a typical American house. All our parents were homeowners, together they owned the building. Two buildings actually and the land they stood on.

So a total of 32 apartments, 120 people, a small parking lot, and a bit of green lawn owned by the people who lived there and self-governed through a sort of HOA. Little communities like this were extremely common in the city.

Nowadays with my generation homeownership is becoming a little more rare. Still people own apartments in these self-governed buildings, but many have become priced out. Too much demand not enough build.