[ryukafalz]

>Every single incentive leans in the direction of keeping prices high since not only would lower prices cost homeowners money but would also possibly cut into tax revenues and could financial ruin people who purchased under these high price regimes.

Not really. The way out is higher density. What we care about isn't land price, it's housing price - in other words, how much does it cost for people to get as much housing as they need. Lowering housing costs and rising land costs are perfectly compatible if you don't artificially restrict lots to 1 unit as most of the country has done.