The only solution to housing crises in particular and the struggle for economic survival in general is to finally recognize that natural resources exist to sustain life, not to make the few rich. No one would then be allowed to speculate in and accumulate more natural resources such as living space than they personally need. Wealth generated from natural resources such as minerals, arable land, forests, seas etc. would be a birthright, shared equally by all as annual dividends. Everyone would fully own their personal share of natural resources. Government would own nothing. Birthright natural wealth would be managed corporation style by say, Taiwan Inc., with all citizens as shareholders.
The result? Speculative fever over housing would subside because people could only buy and sell their own living space. Prices would subside. Every citizen would become a homeowner because we all live somewhere now, right?, as rents are transformed into finite mortgage payments. Don’t like where you live now? Trade with someone then and exchange any money necessary to make up for any difference in desirability. Housing transactions would also be vastly simplified by adopting blockchain technology for housing trades, significantly reducing the cost and complexity of housing swaps by eliminating the speculative middlemen currently controlling the process, With blockchain technology adopted for housing, you could be the owner of a new house tomorrow and in it in a week, for a couple of thousand NT in transaction costs.