[maciejzj]

If majority of housing is owned for profit by REITs or landlords they have such a leverage over ordinary person, that they can indefinitely hold the prices/rents at a level where they extract maximum of available resources from owning land while making sure people have enough processed food and cheap internet-provided entertainment that they don't rebel.

The prices will adapt, but the equilibrium will always be elite-oriented economy where accommodation of the masses is a second-tier goal.