if government wants to encourage buying, it must make take private equity and wallstreet out of property speculation. They leave swaths of properties empty just for the purpose of land banking.
Secondary step would be to make landlord-ing less attractive by giving tenants a lot of rights, naking them hard to evict, thank kind of thing.
This would make houses less atractive as an investment asset.
Lastly you could increase property taxes, again driving down atteactivenes of hiuses to investment.
Beinging down price of houses is easy. The question is what do you do with all the people who bought a house for 500k and now its worth 250k and they are stuck
Secondary step would be to make landlord-ing less attractive by giving tenants a lot of rights, naking them hard to evict, thank kind of thing.
This would make houses less atractive as an investment asset.
Lastly you could increase property taxes, again driving down atteactivenes of hiuses to investment.
Beinging down price of houses is easy. The question is what do you do with all the people who bought a house for 500k and now its worth 250k and they are stuck