|I'm pretty sure that intentionally crashing prices is not in the cards|
actually, it's next on the agenda just as soon as they illegalize all private gun ownership and the president is shown on TV taking ceremonial bong hits in the Oval Office in celebration of the nationwide legalization of recreational drugs -g-.
and likely should not be.
personally, when it comes to big things like national policies over which i have no control, i try worry about what "should be". i just try to recognize what "is" and what "is likely to be", and, given such assumptions, what is the best way for me personally to make money. it is all part of my humble effort to keep one more private sector job open for somebody else to do -g-.
IOW, everything i've been talking about is simply descriptive, not prescriptive, because i don't want to waste my time saying what the govt should or shouldn't do. obviously, they will do everything they can to avoid letting houses fall to the natural level that would be supported by the private market without govt intervention. that's bad news for young people, and good news for old people who bought their houses long ago at reasonable prices and now get to realize a windfall thanks to the govt's policies. IOW, it's basically an intergenerational transfer tax.
i think the govt's policies will fail anyway in the long term, but not before a lot of poots on homebuilders and banks go to money heaven. in the meantime, houses in most desirable areas are objectively still way too expensive, and for many people the best decision is to avoid getting sucked in and rent instead.