The housing crisis will never end without levying forceful taxes against real estate speculators and investors. A recent report outlines the necessary actions to impose taxes that can actually narrow the wealth gap and alleviate the housing emergency.
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this would work. It would make things like the 2009 banking crisis more of a crisis but maybe thats not a bad thing.
the other thing is downward pressure needs to be applied to the market: new units sold at below market value to people that don’t already own homes