A land value tax is not even needed if land-use planning and related regulation would be relaxed.
It seems that almost everywhere supply of housing is being artifically restricted leading to rising prices. This is also unsurprising. Housing is the biggest investment most people have, so people prefer policies that keep housing prices to be ever increasing.
Sometimes it sort of reminds me of "bitcoin for old people". Why invent new things when you can get decent returns on housing? Of course until the bubble bursts. But if that happens the government tends to intervene to a degree, not so for crypto bubbles.