Axulus
Veteran Member
One easy one: stop putting so much restrictions on new housing construction and stop subsidizing demand for homeownership (mortgage interest and real estate tax deduction, reduced downpayment requirements and reducted mortgage interest rates). When you restrict supply and subsidize demand like is done with housing, large price increases are the result. Those working americans will have to pay a whole lot more in rent. Lower rent (usually the single biggest expense they incur in their lives) will benefit their lives.
Restrictions on new housing are not arbitrarily put in place to maintain high real estate prices. The most common reasons for restrictions are environmental concerns(flood zones, drainage, etc) and surrounding infrastructure. When you put a 200 home development at the end of a 2 lane country road, it causes problems where that road meets the main highway.
But, you raise an interesting point. Would it be possible to socially engineer Libertarianism? Maybe the government could renew it's homestead program. Unused and under utilized land could be sold to individuals for a small price with a contract to make certain improvements, such as sewer and electric service. After the five years of residency, you have the right to say, "Get off my land."
You're forgetting a bunch of other reasons: existing property owners and residents not wanting population and density to increase, not wanting lower income people moving in and potentially lowering property values (which can be prevented by requiring expensive standards for visual appeal of the house and lot and preventing lots from being subdivided to allow more but smaller housing units in a given area, etc.)
There are lots of libertarian type policies that would lead to lower housing and rent prices without causing envioronmental problems or allowing houses to collapse in a wind storm.