You have the right idea of fixing the problem of housing appreciating faster then inflation and being an investment but you are proposing the wrong solution. T

You have the right idea of fixing the problem of housing appreciating faster then inflation and being an investment but you are proposing the wrong solution. The correct solution is crush nimbyism and zone land and speed permitting to fulfill need rather than to create artificial scarcity. Japan and Germany, among other provide various flavors of this working. I prefer japans method of moving zoning to a national body (in north america this would be at stae or province level) and zoning for national interest, which means allowing lots more density than we have now and allowing substantially faster, easier, and cheaper permit approval. On the demand side we can get rid of subsidy programs like cmhc that provide a naive backstop to allow 5% or no money down buying.