> Nationalize key industries and socialize basic services like education and housing. Yeah, hopefully they don't achieve this.
In some countries with absurdly high house prices, I think some level of nationalisation of housing is an eventual inevitability. Much like Seoul, places like Sydney are so expensive that unless you already own a house, or are eventually going to inherit one, no amount of hard work or education can reliably get you into the market. Entry level prices within 25 miles of the city are around A$1.5m for a detached house,…
Things you can do are:
-increasing supply by changing laws around zoning, allow building more/higher etc.
-introduce policies that makes it more attractive to live in less populated areas where land is cheaper (hard to say what works but maybe better/faster public transportation, more wfh, preferential tax treatment for companies that move to other areas, if enough of that happens new business/population hubs might start)