Politicians keep saying "affordable housing" then have zero scruples about selling a large portion of whatever housing they make, at bargain basement prices, to landlords.
I've seen this play before.
How about this, if any one person owns more than two "single family" dwellings, their property tax on the third property is 1000% increased... And add a zero for every additional property.
It won't fix the problem, but it will sure as shit make it harder for a handful of people to own a nontrivial percentage of the residences in a city.
Let me say this, as an "elder" millennial. This isn't the first time government puppets have touted some plan for affordable housing.
You know what I've seen throughout all of those adorable housing plans? Prices going up, property sizes shrinking, materials becoming cheaper and less durable, houses becoming less unique.
So you "get to" buy a smaller home, that looks like every other home, that was built poorly and will need repairs sooner, and for all of this, you get to pay more for the "privilege".
I hope I'm wrong, but I've heard this song before.
The only way you will ever get an affordable home is when someone you know, who owns a home, dies, and leaves it to you in their will.
If that happens to anyone, my advice: take it, keep it, fix it, and never leave it. You'll only fuck yourself over if you do. I don't care how much the house is "worth" on the market. Never sell. It's literally the only way you'll own a home outright, without killing yourself with working overtime to afford it.