This just isn't true, especially in areas where housing costs are the worst. I don't have a citation right now, but I'm pretty sure a city in Canada attempted t

This just isn't true, especially in areas where housing costs are the worst. I don't have a citation right now, but I'm pretty sure a city in Canada attempted this (Vancouver?) and the returns were paltry, because the underlying fact just wasn't true. There is no glut of empty apartments and condos in markets like California, New York, Washington, Florida, Washington D.C., etc. full stop.