Yes, precisely this. Taken from a cynical perspective it appears that many people are making large personal sacrifices to bid-up the prices of real estate held

Yes, precisely this. Taken from a cynical perspective it appears that many people are making large personal sacrifices to bid-up the prices of real estate held by rich urban landowners, as well as to fund the welfare state. With respect to real estate, I would suggest that the government at least stop pouring fuel on the fire. End all real estate tax subsidies, including mortgage interest tax deductions. End all government real estate loan guarantees. End any favorable tax treatment of real estate as an asset. On the supply side, the government should greatly curtail restrictions on property development. I think some concern about the quality of housing is justified, but nearly all zoning should be eliminated.