I have bought a house. I think one reason it&#x27;s so painful is that it is a relatively rare occurrence which usually represents a huge transfer of wealth. If, on the other hand, home sales were more common and (presumably) for less money per transaction, you could imagine that this process would be simpler.<p>I&#x27;m not super-interested in debating the implementational details of what&#x27;s obviously a thought experiment - mostly what I&#x27;m interested in getting input on is: would home prices go down? would monthly mortgage rates go above or below current rental rates? would there be more or less pressure to build new units?