I agree with this so much. In my view, the paradigm of residencial real state being an investment is wrong. Residencial properties should have economic propert

I agree with this so much. In my view, the paradigm of residencial real state being an investment is wrong. Residencial properties should have economic properties similar to cars. When someone stops using a car she tries to sell it ASAP as it deprecates with time. That prevents hoarding. It still is OK to invest in commercial and industrial real state. But residential should be protected. The way I would do this is to establish pretty heavy taxation on 2nd, 3rd+ residential property ownership. In Mexico if you sell your house you have to pay tax. But If you prove that it's your main living property, the tax is waived. We should make something like that for the yearly "predial" house tax payment. Buy increase A LOT the tax for non-main properties.