Im pretty left, I just also recognize demand-side provisions (tax breaks) dont work when the enemy is asset inflation (housing costs). In reality, that extra capital would just flow into the hands of people already holding the assets, and the now financially stretched buyer has to hope housing price growth continues (making the situation even more dire for future buyers), or the bet they've made doesn't make sense.

The reality with housing is: someone has to take the loss, but we keep choosing to double it and give it to the next generation.