The problem is, you can't just say "so don't pay rent" and magically make that OK. That rent money in turn pays for maintenance/upkeep, mortgage payments, property taxes, wages for property managers and repairmen etc. You can't pretend like all land is owned by some king who can just afford to not get rental payments.
If the government doesn't collect property taxes, how do they pay for schools, roads and firefighting next year? If the bank doesn't collect their mortgage payments, they go insolvent and don't have the cash to give you when you try to withdraw from your checking account.
Flipping your final line around, how would the elderly widow relying on renting out her former family home handle receiving no income for a year?