> Sorry if I haven't heard enough of this crazy talk yet to understand it.
I get that this proposal is a significant change from the status quo. That's the point. The status quo has some glaring issues. I understand it's difficult to take proposals for big changes seriously, but does that mean we should not take the problems of our current system seriously?
> You're saying that residential property gets a special restriction on how people who own something are able to use it or enter into agreements on how they can charge others for the use of it?
Yes. Specifically, no one can enter an agreement where housing can be rented. The core idea is that housing can be owned and sold, just that it can't be rented. There can be some discussion as to whether short term contracts like hotels could be allowed, but they would have to be regulated to prevent abuse.
The only question left is what to do about extant rental contracts.
> Who occupies a house then? Only the owner?
The owner or a guest. That's how housing works outside renting.
If you can't charge rent on property, then you are incentivized to sell it, thereby flooding the home ownership market and lowering the cost of housing.
This is a concept that has been discussed at length elsewhere. I encourage you not to use me as your only source of education.