[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.)