No you don’t. Investors and speculators want to rent it out, giving young people without credit scores and saved-up capital housing options.

Even speculators who buy and hold empty houses aren’t a problem. No investor is satisfied with no returns (ie, no sale and no rent) indefinitely. Speculators that are dumb enough to be happy with zero returns ought to be, and always are, separated from their capital.

Within a short time the market will balance out between the builders, the buy-to-let landlords, the single-family owners, and the flippers and speculators… assuming you don’t have some crazy regulations putting a thumb on the single-family owner end of the scale by blocking construction.