If we don't expand the housing supply dramatically, additional subsidies to home buyers will lead to even more inflated housing prices, and transferring even more money from the working class (who pay taxes and want to buy houses) to old rich people (who own most of the desirable property).
If we were to expand the housing supply by 20% over the next 5 years I would expect to see house prices and rent crash to a more sustainable level.
If we were to expand the housing supply by 20% over the next 5 years I would expect to see house prices and rent crash to a more sustainable level.