More supply is the answer, though. Possibly along with land value tax or vacancy rules. Eg, in Germany if an apartment is owned by a company as opposed to a pri

More supply is the answer, though. Possibly along with land value tax or vacancy rules. Eg, in Germany if an apartment is owned by a company as opposed to a private person, it is not allowed to stay vacant for no good reason. Cashflow is the lifeblood of a business. The era of cheap money is over. If a company wants to sit on their real estate while other companies are building and filling up their units, they can do so at their own peril. If you haven't noticed with the markets' movements, unrealized gains aren't worth anything.