Yeah, this would be even worse than the debacle that led to the housing bubble in 07. This is basically letting people 'invest' in housing with zero risk. You get all the upside of housing prices increasing with no risk if house prices decrease. This means there is zero downward pressure on housing prices, which is going to lead to even worse housing prices in the future.

You can't solve skyrocketing housing prices by simply increasing access to capital... that is just going to exacerbate the problem