Unless you're selling your house to downsize or leave the country, raising home prices isn't a good thing. You have to live somewhere. Higher home values means higher property taxes (in many cases, almost paying for your whole house again, and now at inflated rates).

Raising home prices have much worse effect of kicking away the ladders for the new generation to own their own home, while doing nothing for those who already have a home to live in and desire to keep doing so (other than possibly raising their property taxes).