It’s pretty simple, just have a new real estate investment tax that is only levelled on residential properties you own but do not reside in, and that tax needs to be set at a rate higher than the property market is expected to gain. E.g. (with made-up numbers) if the property market gains 5% value per year on average, set the tax rate at 10% of the value per year. There’s an insanely slim chance you can still make money on the investment, but 99+% of investors would dump their properties immediately, leading to a massive crash where average people could suddenly afford to buy the home they’ve been renting.
It’s pretty simple, just have a new real estate investment tax that is only levelled on residential properties you own but do not reside in, and that tax needs to be set at a rate higher than the property market is expected to gain. E.g. (with made-up numbers) if the property market gains 5% value per year on average, set the tax rate at 10% of the value per year. There’s an insanely slim chance you can still make money on the investment, but 99+% of investors would dump their properties immediately, leading to a massive crash where average people could suddenly afford to buy the home they’ve been renting.