I don't believe there is a shortage of houses, I believe there is a lot of house-owner stockpiling and reducing the perceived available houses and resulting in an elevated price.
The best way to bring the housing price is to raise policy and education to house owners to sell their house at an affordable value. At the end of the day, the housing prices are market price (aka perceived values). And when the market is full of greed and everyone wants the most money out of every of their asset is causing the housing price to rise.
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