Expropriating large property holders, reimbursing them what they paid, and allocating those homes for public sale is a measure that many experts point to as viable to alleviate the housing crisis. However, it is an option that no party with governing prospects will implement, no matter how much they promise magical solutions during the campaign.
The housing algorithm: data versus empty promises 🏠
A system of appraised expropriation requires an updated cadastral database and an algorithm that calculates the real historical market value. Tools like GIS would allow identifying large holders (more than 10 properties) and calculating fair compensation. The problem is not technical, but political: no party will touch the interests of the investment funds that finance their campaigns.
The miracle of affordable housing (for voters only) 🗝️
Of course, before expropriating, politicians prefer to create study committees, promise 50,000 public homes (which they never build), or give away a rental bonus that we all pay for. It is easier to make a TikTok video promising solutions than to explain why vulture funds have more rights than young people. But hey, at least the golden key meme looks nice on the feed.