In many Western European countries including the Netherlands and France, the market share of private renting decreased massively after World War II. Often strict rent control is deemed to also be responsible for this development. Yet more recent development indicates a further decline of the sector in the Netherlands, whereas its market share stabilized in France. This chapter explains the development of the private rental sector resulting from private individual or person landlords leaving the sector in the Netherlands, but staying in operation as landlords in France. While in France the institutional landlords/investors retreated, in the Netherlands they kept up their rental stock until the subsidization of new investment became less attractive and in the end was abolished. How ‘rent tenure’-neutral subsidization seems to have played a role, is the central focus of this chapter.