[branchless]

Sorry to hear of his issues, but surely perpetuating high house prices means his children would also be under huge stress as they stretch themselves to the limit (and assume zero unemployment like this guy).

The "wealth" created by pulling forward demand through credit through housing wasn't real. That's why living standards fell - we stopped creating wealth and started adding zeros to numbers on a screen.

Reducing house prices means more disposable income for our children. And their children. And theirs.

Yes there was a hit to the housing crash, but only because the loss in living standards was a result of the misallocation during the "boom". 2008 was just Wile E Coyote looking down having already run off a cliff.

Want to avoid a fall? Don't run off the cliff. Not looking down isn't an option long-term.