Socialist Progressives

the banks will simply start 'selling' properties back and forth at minimal amounts to avoid losing them or paying any real taxes.

My own suggestion, a year or two back, on another forum, was that taxes assessed on unoccupied properties should grow the longer a property sits empty, which would have a similar effect over time, when the banks would get to the point where they might as well sell cheap, or simply lose it to back taxes. But I'm sure there's a way for the banks to 'work around' that as well.