[PassingClouds]

I have said for a long time that if housing was cheaper, that is a good start to getting other thing under control. It gives folks a target to hit for stability. Once a bit more stable, it frees up opportunities to address other issues.

I say this as a home owner, let the market crash, I dont care what my house is valued as it is an asset not an investment.

[hysan]

I’ll be honest and say that while I agree, I’d be one of those who’d get significantly burned financially if this were to happen. Having made significant lifestyle cuts to eventually get our foot in the door and now dealing with one of us being laid off (100% due to the current administration), devaluing housing would essentially lock us into where we currently live for the rest of our lives and prevent us from moving to a lower cost of living area near retirement (which was part of our original financial planning). Combined with the fact that our generation is unlikely to see social security as a viable pillar of support (ex: retirement age requirements increasing), I want to support the idea but I have yet to see a solution that won’t burn the population of people like myself. To support this would be to offer ourselves up as sacrifices and that is something I don’t think I could ask of someone. If someone could crack that nut and have a “soft landing” for those who are going to get screwed, then I think there’s a fighting chance that we solve this before it all becomes untenable.

(Edit: To clarify, when I hear devaluing housing, I’m interpreting that as an enormous price decrease. The impact to us is that we wouldn’t be able to sell our house for anywhere near the cost we paid for it. We didn’t buy as it as an asset but we also didn’t plan for it to become a huge loss that could have instead gone into retirement savings.)

[daotoad]

The problem is most people won't take that attitude. For most homeowners, the home is the largest asset.

This is a Catch 22 for elected officials. We must reduce housing costs dramatically if we do so, we will devalue significant assets of a large number of active voters and political contributors.

I'd love to see some ideas on how to pull this off, because we need them.

[bojan]

The home is the largest asset, but the one you're living in. I personally agree with the other guy, I'd happily support a housing market crash, artificially induced if needed.

However, it's more nuanced. I can support risking that my house gets less worth than my mortgage, because I consider the probability of not being able to pay off my mortgage very low. I am guessing that people who feel less secure financially do see a house as a last-resort asset, even at the price of their children not being able to afford a home. And that's the root cause that should be fixed with policy I think.

[autoexec]

There are a few things I wish we'd do in the US. We could not allow foreign investors to buy up properties in the US to use as short term rentals (airbnb) when they could instead be purchased by Americans and filled with families. We could also increase vacancy taxes to help encourage property owners to fill the millions of empty homes found all over the country. We could also decrease the wealth gap so that more Americans have enough money that they don't have to wait until they are 40 years old to buy their first starter house. (https://nypost.com/2025/11/05/real-estate/median-age-of-firs...)