Comment by thrance
And then you're left with huge ghost towns, like that one place in Seattle. This seems like a terrible solution, although it might work. And let's not even talk about the environmental impact, it seems to be a taboo nowadays.
Why not just prevent private companies from buying homes they don't use, and force them to sell the ones they are currently holding?
Right, ghost towns owned by private equity. So I'm not crying. I agree about the environmental impact, though.
"Prevent private companies from buying homes they don't use" is going to be a really hard sell legally. (Though, to be fair, changing zoning laws seems also to be a really hard sell...)