barring rational regulation, we are likely to observe irrational actions in the future. Cost Disease is progressing to the point where prices are non-sensical. How does the median house appreciate more than the median income every year? Carry forward college prices 15 years and a 4 year degree will cost 800k. These are not sustainable numbers. Gen Alpha would be facing a 1.6 MM starting home cost and be saddled with hundreds of thousands in student loan debt.
Yes, we need to build more houses. Investing in real estate only makes sense when supply is constrained. When we allow people to build housing values tend more toward the cost to build as you cant speculate without constraining supply.
Bad for making it so there are homes that people can afford.
Capitalism yada yada - people need resources in order to get homes, people will only construct homes if they get resources in exchange. These are just facts of the world - it sucks that building costs, but it does.
If there is demand for house construction, people will build houses as a service. No land ownership, or even no housing ownership does not change this fact.
When profit is allowed for things that make people safe, housed, healthy, fed, or educated, those profiting are, imho, committing crimes against humanity.