LogFAQs > #975989426

Homestead tax. I'll keep saying it. It's the only fucking answer, and it's the only thing governments will never try, b/c they secretly like the high home prices (more property tax money) and don't want to solve it.

If it's a single family home and it's not your primary residence, you're gonna pay a giant additional tax on it (20%? 30%? some large number). Put the hurt on corporations buying them up as investments, rich people buying 2nd and 3rd homes, foreigners (mostly China) buying up houses in the U.S., etc... Make that investment a financial anchor, and watch the sell off begin and the roaches don't want to be the last left holding the bag.
And then you know what happens? You can lower the interest rates, and the rich CAN'T exploit it to buy up houses, b/c they'd still be losing money. Middle class and poor people flood into the market to snap up the once in a lifetime buying opportunity. Long term, prices stabilize a bit lower than they are now, except w/ way more people owning their own homes.