>>508739422
It’s quite simple; if you don’t plan on living in that residential property, you will pay an absentee landlord tax and have to follow regulations that are so rigid that it’s more attractive to invest your money elsewhere (disincentivize speculators, lower demand)

There will be exceptions/tax breaks if you built the property yourself, and you will be partially reimbursed for regulatory compliance/permit fees if you get residents living in there relatively quickly (incentivizes lower prices by creating a buyers market where the owner wants to close, increases supply)

There are lots of other ways to do this, but so many people screech “commie! commie retard!” if you suggest that the housing market should be restructured to incentivize housing people. I’m not advocating for free housing or anything, just kicking out the parasites who make it impossible for regular people to move out of mom and dad’s place until they’re 35.