>>508737975
I agree with you, it is just supply and demand. What elevates (residential) property values is the sharp increase in demand due to the financialization of the housing market and the use of homes/apartments as speculative instruments. If this becomes unprofitable due to regulative and tax burdens, then the only demand will come from people who want a place to live. These are the ONLY people who should be allowed to contribute to demand for residential real estate. If you want to use commercial real estate as a speculative instruments, go right ahead
This decreases demand, and turning empty worthless buildings into housing (that is for EVERYONE who can pay and not poorfags who need vouchers) raises supply. There are ways to make this even easier with additional incentives/penalties