alt Hacker Newsidk how this would work effectively. There's lots of affordable homes they're just located where no one wants to live. You'd have to focus on HCOL locations and make them not so high cost which seems something that should be done at the local level.
You can increase supply but investors would just snatch them up. Maybe the feds could put a cap on the value of a single-family home that an institution can own and then make ownership very tedious. For example, no institution can own a home valued at more than $500k and for each home owned a quarterly filing must be made in person at the county the home is located. I'm sure these organizations would rather own very high value homes than lots of low value ones out in BFE.
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Just tax non primary residences at a much higher rate. Housing crisis solved.
>There's lots of affordable homes they're just located where no one wants to live
It's probably more accurate to say "they're just located where no one can get a job." You can give up you SWE job or whatever and move to a small town/rural area, but you're not going to convince anyone to give you a mortgage off your income from the subway at the local truck stop, or whatever labor gig you can get at the local industrial concern. Although if you're in medicine there is probably hope.
If only technology had progressed to an extent that we don't psychically need to be concentrated in 15-20 HCOL major metro areas to do most (if not all) office jobs.