Probably not. They would be renting somewhere else. Because if they could afford to buy a piece of property in the first place, they would.
Yeah, landlords make a profit. But, they’re also offering a service. Sure most are fucking shit, but that doesn’t mean landlords in general should not be extracting a profit. If you want to maintain your own piece of property yourself, then go buy one.
They bought the property. That’s all they have to do. “Sorry, but all you’ve done is build up enough of a credit score, income, and down payment to get a loan for this property. You’re not living in the house or maintaining it, so why do you even get to own it. Please turn yourself into a charity and operate as a not for profit.”
If they want to barely profit off the property by leveraging a property management business, who the fuck cares.
If rent is too high, then the government should put controls in place. But this idea that property owners should be operating as charities is absurd.