The price of housing in many high cost of living is completely unrelated to how much it cost to build the apartment building.
Or in other words, the actual construction of the building is the easy part. It is the government that is getting in the way of reduced prices
I didn't know reducing regulation on businesses was the socialist solution. But yeah, sounds good to me.
I am not sure why a socialist would be opposed to lower living expenses for poor people.
We should, if we want to use tax policy to promote home ownership outside of the wealthy, be subsidizing principal payments for owner-occupied primary residences meeting certain local and personal affordability standards, and possibly tax-favoring sale proceeds for sales of property when, after sale, it will be owner-occupied primary residence meeting affordability standards.
(More often than not, I see criticism of this on HN.)