Eh? I mean, conversely, allowing the property industry to leave properties vacant unfairly punishes ~all other industries, along with the general public. What's special about the property industry here?
"We should leave people without anywhere to live, and harm the economy in general, to facilitate a small part of the economy" is a pretty weird argument.
(I do think that possibly some individual property investors believe that, rather than running a rather complex and highly regulated business, they are buying into a passive investment magical money machine. These people should probably consider just buying shares in a REIT, instead.)