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Who's collective hands?
I Holland we have woning bouw organisaties That are BY law obliged to offer services and structured management, checked by impartial state department and who can be relieved of function (transfering the properties to another organization or splitting them up etcetera). Yes, needs to be overview, laws and such. Maybe even subsidies for new buildings.
But NO PROFIT ANYWHERE.
Not for public basic housing. Come on, do we really wanna admit RUZZIA and CHINA beat us on this?
Yeah, but there's a difference between a local housing authority, and what that guy is suggesting, which appears to be "the state now owns all property, including stuff I've already paid for".
The only people that would vote for that are people that don't vote.
I'm all for the government taking the role of building new houses everywhere, in vast numbers in order to stabilise and eventually reduce prices. We used to have this in the UK, they were called council houses and the local government rented them out at reasonable prices. Then Maggie Thatcher Milk Snatcher got in power and sold them all off, under the guise of letting people buy the property they were renting. This isn't a bad idea in itself, but there was another edge to that sword. No more properties would be allowed to be build with the proceeds. In effect it became a state sell-off. It's been fucked ever since.
No, it would BE BOUGHT by government at fair price (they know the fair price, just look your houses tax bill)
Or built by them.
And then rented out with a certain maximum rental price per Sq Mt like 10$ so 50sq m (500sq ft) = 500$/month
Most importantly, they would be obliged to make it Energy efficient by their contract with the state so much lower electric and heating bill, maybe even topped off with solar, would be small percentage of a new building but cut costs for actual people.
Not saying it's perfect in Holland (they have shortages because no new land available to build new social housing projects), but it sure works!
I kept it deliberately vague, but the main idea is democracy and public accountability, and that we need to take certain things out of corporate hands. Because it only optimizes for profit and not for social benefit or the nation's benefit. Basically all the fundamental needs of the people need to become a kind of guaranteed basic right - food water shelter education and communication. And there could be multiple different models.
There are widespread and established neoliberal myths now that only "private" institutions can work efficiently and unbiased. Definitely based on Thatcher, Reagan, Kohl, and then perpetrated by the "third way" leftists that declared democracy as an inefficient tool to order society.
But you can establish institutions with more useful motivations and that are more intelligent to withstand things like shortages. With things like healthcare you actually do want less efficiency, e.g. in a pandemic.
Right now it seems unthinkable, but with the climate and other crisis looming it might become feasible. At least if we have the actual ideology "at the ready".