That same logic applies to landlords though. They don't provide housing, they provide a service. They provided the capital for the construction workers, plumbers, electricians, etc.

Insurance and taxes are forced as part of typical mortgage payments because otherwise people wouldn't pay them. Coordinating repairs and hiring out those jobs is also part of the service.

Part of the problem is that rent is more expensive than a mortgage. Another problem is that a majority of rentals are owned by corporations that cartel to have ever increasing rental rates. Rent increases aren't tied to anything except they can raise the price on a whim.

If you mortgaged $200k at 3% in 2020 you had a house note of $850. That same house would require a $350k mortgage at 7.5% is $1400. The landlord has the same house note on the same property but is charging rent like they just bought the house last week.