Property market in prime spots has to be regulated everywhere and is regulated everywhere including the (soon to be changing) freeest of the free country of US.

Property market in prime spots has to be regulated everywhere and is regulated everywhere including the (soon to be changing) freeest of the free country of US. Probably the real problem is the not enough regulation against investment focused property dealings when the population suffers with this essential (next to food, water, health) immediate and everyday human need. Those not letting the money do what it is for and not spend it but want to park it as long as possible drawing out increasing amount from the circulation laying dormant in property where it is not even not doing anything useful (but the fake value increase generated by parking itself) but suffocate the remaining part of society and economy sucking away money from other places dearly needed. Pulling back functional economy a lot. Law makers usually have high stakes in property ownership or are influenced very heavily by those with lots of wealth to be parked for the eternity and there are not enough regulations against speculative investments in this essential and everyday human need, distorting it, ruining it for the population really need it for its real purpose: shelter. Normally I'd say let people do what they want and after they drove the cities into ground with creating unlivable situations, take away its essence and charm and attractiveness as places where people live and strive then it will reborn on the ashes made by excessive tourism and investments, have a natural cycle of birth and death, but those could take several generations and we all live only a single one, it is difficult to watch the cities ruined by the greedy and the selfish while having a coffee with a 'this is fine' look.