I'm completing against the idea that 1 person can own 100 houses while the other 99 are forced to rent from that person.
Developing land is a no brainer. No need to keep making the rich richer while pricing out first time buyers from the market.
We can all afford to purchase water and there's no fear of it running out when investment is properly done to manage water as a resource. Surely we can do the same with housing so people can afford to buy.