Increasing Home Ownership Does Not Reduce Demand for Rental Units

Sorry to pick on a NYT editorial with which I mostly agree, but the assertion that plans by Democratic presidential candidates to increase homeownership, "if successful, could ease the demand for rental units," really needs to be called out.

Let's say these plans are successful. Where do the additional units come from that the new homeowners now occupy? Some may come from existing homeowners who decide to sell at the higher prices resulting from these plans, and then become renters.

Some of t...