They did this in New Zealand under Jacinda Ardern's government and house prices have started to fall, but only slightly so far. IIRC the rules were something like, lots in a certain radius of a train station or town center are mandatory mixed-use zoning, overriding any city rules to the contrary. It was very controversial for the national government to override city governments like that.

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bell-cot an hour ago | parent [-]

> In several opinion polls, Ardern's domestic popularity had reached all-time lows by 19 January 2023...[when] Ardern announced she would resign as Labour leader and prime minister by 7 February. -Wikipedia

Other political leaders might hesitate to follow such footsteps.

	▲	inigyou 36 minutes ago \| parent [-]
		It was during the coronavirus pandemic. New Zealand successfully avoided the virus completely for a few years, but conspiracy theorists thought she was just being a Nazi.