Somebody has to own it... Rich getting richer!

Part of the agenda created by the super elite at the World Economic Forum.

Most of people will be poorer

This is an important step on the way to another failed version of communism. What do you expect?

Brittany,
This is an amazing proposition by some very ignorant people, some of whom pretend to be educated.
In the first place, the housing market is only affected by the non-market factors in a limited way: property tax, environmental laws, zoning, etc. will impact prices, but only in a marginal way.
Property tax is fundamentally a violation of property rights, and could be eliminated as a factor in the market. Property taxes are the extortion and confiscation of money from the citizens. EPA laws regarding “wetlands” are also a violation of property rights.
Ultimately, the market will control costs, but these Marxist-types just cannot get over their religion!

that is why the banks keep buying all the private properties and outbidding actual homeowners. Communism can go and die for all I care

YES, this simply is the core of the so called "Great Reset" plan by the WEF-Terrorists/Claus Schwab.
My opinion : SMASH THEM ! !

It was already. Just read "How the other half lives". Those was a good times ! Apparently. And not for everyone...

This is infiltration of Communism by degrees. Deprivation of ownership guarantees subservience and a population that are little more than slaves providing the labour that is needed for those in charge to live lives of carefree oppulence and tyranny.

They only want to prepare everybody for Marxism, that's all it is. tell the people every day how good this is, and the turmoil might not be as bad.