In much of the US, homes are gaining value at better than minimum wage rates per hour. Given that people working minimum wage jobs cannot work 24/7, owning a home is putting money in your pocket faster than a minimum wage job.

This means that downward pressure on home prices amounts to slowing hyperinflation to a more reasonable rate. This isn't remotely the same as gutting the equity for existing homeowners (much less putting them "upside down," where they owe more than the house is worth).

http://www.worldpropertyjournal.com/real-estate-news/united-...