> Nor do existing homeowners want to see their house prices fall.
In my area, people who own homes to live in (rather than as investments) love to see their house value fall because it reduces the amount they pay in property tax.
In my area, people who own homes to live in (rather than as investments) love to see their house value fall because it reduces the amount they pay in property tax.
Buying a house means, generally speaking, I can kinda "guarantee" I can afford that "quality" of house. It's like having a housing share that I can exchange for another similar house.