If anything, houses are going to stagnate until inflation catch up. No politician will want to sit in office while overseeing a nation-wide collapse of property value, this would tear the fabric of society too much. People can stomach making a stagnating investment, but they can't stomach making an investment that loses value, especially not when the investment is touted as a no-brainer and basic life goal investment by everyone (the American Dream).
Reagan did, and he was somewhat popular.
Seriously, preventing future politicians from doing this is part of why the central banks are independent in G7 countries.
You don't heal 50 years of bad urban planning and bad housing policy in a short time.
The last three years make the run up to 2008 look like the salt flats. There’s a long term issue but an immediate crisis.
This countries middle class will turn into single issue voters if housing prices ever go down. Politicians are too scared of them to let it happen.
houses need to reverse decades
The last few years in particular have seen a dramatic rise in housing prices[1]. Reversing even a few years would dramatically increase affordability for many people.