I’m in Canada where real estate is a big speculation area, so much so that real estate is the biggest sector of our GDP. Housing is expensive and made much more scarce by endless money printing. So the fiat money is definitely a problem but they’re never going to stop printing. The least they could do is disincentivize speculation and holding multiple homes as a means to make income off other people. 

nkmg1c_ventures

econ

Government Intervention, Not BlackRock, Is To Blame For The Housing Crisis

kepford

> There should be some restrictions on real estate as an investment IMO, or some kind of Georgist land-based tax, if only for real estate that is held as an investment for income

You answered my question. This idea sounds terrible to me. The root problem is fiat which forces so many people to flee to other assets to protect their wealth. That's my opinion at least. 