what are the various things we can do to discourage foreign billionaires and investment firms from buying ten, twenty, several thousand single-family homes, let's say, as a safe store of wealth in the middle of a u.s. housing crisis
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an economy that didn't force people to try to get stores of wealth using houses, and didn't create housing criseses in the first place, might be a good start
Eliminating all tax breaks for investor or second+ homes would go a long way toward this. Prop 13 ought to be either eliminated or limited to occupied primary residences.
Eliminate zoning laws/barriers to constructing dense mixed use housing supply.
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Japan's home values depreciate. They don't seem to be doing better economically than us.
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