That is a complex problem, though. The main issue is land investment that effectively prevents or greatly limits potential new construction. With new construct

That is a complex problem, though. The main issue is land investment that effectively prevents or greatly limits potential new construction. With new construction thwarted even modest growth over time causes extreme prices per unit. Preventing properties from being treated as bidding chips or bonds issued this could greatly improve the situation, but without addressing land use and land banking then the lack of new construction will continue to unbalance property markets.