Yes in a marginalist framework (the supply and demand people) the solution is to increase the housing supply to a permanent slight excess. Preferably in a way that is least damaging to the economy.
However the old commie block approach created a consecrated symbol for the forces of capital to attack, and ultimately dynamite.
The problem is the rentier class has the most resources to throw against this and they still can find other ways to rescarcify housing unless forced building programs are big enough to over power them.