With roads it has been done successfully, see again Wikipedia article. As you can see from our discussion, a detailed analysis of what the underlying drivers of the rent crisis is missing.
Without that a solution is difficult to find. Just to give you an example: one major trend is that people live by themselves. Is that a core driver? Another is that there are huge amounts of capital flowing in buying properties. Another could be the that people’s expectations how sqm per household person have increased dramatically. Yet another is that with 1 mio refugees entering the country in 2015/16 the pressure on housing has increased, etc. Is it all of them? Another ones?