The first part of the plan where they deregulate makes a ton of sense, the second part makes no sense. Singapore has very limited land and a very high populatio

The first part of the plan where they deregulate makes a ton of sense, the second part makes no sense. Singapore has very limited land and a very high population density so it potentially needs extra incentive to counteract the market failure for first time home buyers (causing other market failure that is deemed to be less egregious for policy goals). This is not true in North America. North America is a story of local nimbys capturing regulatory bodies and stopping densification and development causing scarcity and property value increases. All we have to do to solve it is force through zoning changes that allow building much more density everywhere that is approved in weeks instead of months or years plus force stringent time requirements and cost requirements on any inspections by the city to get things moving and this will sort itself out first by a massive luxury build out, then buildouts of lower cost stuff as market shortages diminish. There is no reason the market can't fix this itself once we get the government very far out of the way.