People are going to treat housing as an investment so long as government institutions artificially constrain it to such a preposterous degree that you can explo

People are going to treat housing as an investment so long as government institutions artificially constrain it to such a preposterous degree that you can exploit unmet demand in perpetuity. Even in China precincts with more recognized property rights will see this effect where even on massive government works projects contractors just build around holdouts whom can exploit the growing demand for the land they are on.