That's weird. Don't we get enough stories about Rust Belt economic hardship and Detroit real estate horror stories to know that property values don't always go up? Have we already forgotten 2008?
Why? Because politicians built a shitton of houses (and tore down a lot of crappy housing too). Nowadays people here too think prices always go up, not realizing it is a political choice. It may very well be the right choice, but so many doesn't even understand it is a choice in the first place.