Measures as drastic as this need correspondingly dire reasons. You can call it "housing crisis", but the truth is there are many ways to fix this that don't come even close to this level of communism.
Dezoning, for once - I've linked this before: https://unchartedterritories.tomaspueyo.com/p/why-japan-succ...
Simply building more, and encouraging people to build (instead of encouraging them to do absolutely anything else)
Or, of last resort, what this article is describing - use public funds to buy buildings and rent them cheaply. It's insane, if you do the math, but it's a lot less insane than rent control or what you're suggesting.
(apologies if Poe's Law).
Laws are just rules that people happen to like. I know we consider the right to property to be fundamental, but the right to have somewhere to sleep is also pretty fundamental.
What gives you the right to make up rules about what everyone else can do with a particular place on their world?
Democratic majority authority of the people. Unless you are living on a hilltop with a shovel to shovel your excrement and a bucket to haul it to dump it somewhere, you are a part of society and your freedom cant be unlimited.
> Simply building more
Where? This sounds like American ignorance that makes Americans think that every country has gigantic plains and non-utilized farming lands to keep building away.
Europe is small. Texas is half the size of Western Europe. Most of European cities and urban centers are located in river basins in between mountains and they are already built. The Mediterranean is much worse - all the habitable space is river basins and small plains made by rivers. It doesn't even have the large flatlands of Northern Europe. And all that land in the Mediterranean, like in Barcelona, has already been built.
Europeans cant pull more land out of their asses to satisfy the investment needs of American investors.