I think you’ve backed yourself into a corner that’s hard to support. Originally you were saying that they didn’t take into account enough factors, and I pointed out that in fact they had researched the issue extensively. Now you’re claiming that they didn’t take into account all possible factors… I agree with you on this claim, but I don’t agree with your conclusion. Because if the claim is that failure to take into account all possible factors will lead legislation to fail, then we have thousands of examples to the contrary. Many laws have succeeded throughout history across hundreds of countries around the world. And not once had the lawmakers considered all possibilities and all implications of the laws that they were creating.

What is the best approach to fixing housing prices? I don’t know. Will this method succeed? Maybe. But if you’re assuming that it’s going to fail because the issue is complex, then history says your assumption is unwarranted.