The obscenely rich entities that buy up tons of property without actually using it do so because they only stand to gain even more money on it later. Making mor

The obscenely rich entities that buy up tons of property without actually using it do so because they only stand to gain even more money on it later. Making more housing would help in the long term for sure, but these entities would still buy up most of it as it becomes available. Remember that as long as they hold the vast majority, they essentially have a captive audience and can set whatever outlandish prices they want (especially when they collude as they have done). Something to restrict the number of unused properties a person can own would still be beneficial either way. This also goes without mentioning the restrictions on "just" building new housing (land, time, and space, particularly space located near job sites).