Yup. I think a 90% tax on real estate capital gains would be the solution. That would also disincentivize housing speculators et al.
In addition, a 90% tax on real estate income (rental income minus costs like mortgage, interest, maintenance, property taxes, etc) would also disincentivize people who buy properties just to rent them out.
In addition, a 90% tax on real estate income (rental income minus costs like mortgage, interest, maintenance, property taxes, etc) would also disincentivize people who buy properties just to rent them out.