Singapore has been able to solve it to a certain extend. 90%+ of land is owned by the government and leased/purchased back to its residents at an affordable rat

Singapore has been able to solve it to a certain extend. 90%+ of land is owned by the government and leased/purchased back to its residents at an affordable rate. This generates revenue the government can re-invest into the economy. It also reduces the impact of a small group of rent seekers siphoning billions out of the local economy. https://en.wikipedia.org/wiki/Public_housing_in_Singapore https://en.wikipedia.org/wiki/Public_housing_in_Singapore