Land needs to be legally switched from an asset into a liability before the market will build housing supply with the same enthusiasm it builds phones. Land re

Land needs to be legally switched from an asset into a liability before the market will build housing supply with the same enthusiasm it builds phones. Land redistribution (which is structurally similar) only really tends to happen after a revolution and that tends to be bloody. Landowners throw resources at violent and politically extreme reactionaries to send off the threat of their rent entitlements being democratically revoked. So, it's unlikely to happen soon and if it does happen it'll probably get pretty ugly first. The path of least resistance will be a gradual slide into a kind of neofeudalism.