Well that's not the case where I live. If you rent a property / house, you will have to pay any kind of damage or alternation you do while living. And when you were ready to leave, you will have to pay the required amount to fix those damage or make the house as it was previously. And here we don't provide renters with furniture or other stuffs. When you rent a place all you get is an empty house except for things that are required for the house owner to provide. That includes kitchen accessories, sink, water tap, etc. Bathroom accessories like glass, hanger, shower head and things like that. I am including those because those are minor fixes that does not require a lot of money. I have lived in four different houses. Every time I left them I paid a certain amount of money for the damage I have made. And that's all.

Also, the fact about land. Even if the house is gone, the land is still there. I don't know how do you think that it is a bad idea to invest in real estate. Even if we provide the renters with something, we can always fix or replace that thing which should not cost that much. You still have the house, you can fix it or you can rent it to other people for living there and fixing the damage on their own for a little bit of cheap rent. Both ways you win.