A flavour of this exists in Ireland, where the Government help to buy scheme offers up to €20,000 towards your new build house purchase if you are a first time buyer and commit to living in your home for the first 5 years.
That just ended up jacking up every property by 20k to give more profit to developers who were complaining.
Completely short-sighted.
Indeed. Canada does the same. “Let’s make it easier for people to buy a home!”, “Oh wow! Home prices have really gone up, let’s make it even easier!”, repeat.
Ditto in England, hence housing developers like Persimmon making ~£!b in profit (pre-tax, I believe) last year.