Yes, exactly. This scared the [expletive] out of me until I read it and saw it was mostly theoretical, as I just purchased a home in the Boston area. I think

Yes, exactly. This scared the [expletive] out of me until I read it and saw it was mostly theoretical, as I just purchased a home in the Boston area. I think as you say the main issue (or challenge) here is that it would be a monumental change in perception, and that the perception itself is not insubstantial. In other words, people value homes because homes, land, neighborhoods, cities, and general living arrangements are valuable; not simply because they expect the monetary value to go up. Regulation of that system therefore might be an uphill battle against reality. In addition, I've had many great conversations with friends in my generation (millennials and whatever the heck children of the mid-80's are called) and the consensus is that we don't actually think of owning a home as an investment much anymore. It's risky, it's unknown whether the value will go up or down in the short or long term, it's costly in a different way (time, energy, maintenance, stress), and it's more about control of your living situation and quality-of-life than anything. In other words, me and my generation are buying homes if and only if we want to own a home, not because we're bent on investing in our future with property. We understand, for the most part, that you need a diverse strategy for investment and the home isn't by any means a sure bet.