The housing crisis will never end without levying forceful taxes against real estate speculators and investors. A recent report outlines the necessary actions to impose taxes that can actually narrow the wealth gap and alleviate the housing emergency.
this would work. It would make things like the 2009 banking crisis more of a crisis but maybe thats not a bad thing.
the other thing is downward pressure needs to be applied to the market: new units sold at below market value to people that don’t already own homes