[brockwhittaker]

This is totally my personal bias, but I'm unsure that speculation has a positive value in the housing market, and I think governments should largely try to ensure that as many people as possible can afford homes, rather than ensuring that people can profit off the sales of their homes.

In the United States, people have long seen real estate as a path to wealth (unlike Japan, for example), so it's difficult to reason that people's primary homes shouldn't be their escape hatch into retirement (e.g. the dream of someone buying a house in 1980s Palo Alto and selling it in 2022).