Risk folks. The availability of that loan due to artificially low interest rates propped up the bubbled price. The fact is, a seller is shopping for someone with more capital or less risk aversion to take a liability off their hands. My issue with this, is younger people are on the hook for it and many are not even advised on how they can vote with feet/wallets. That's wrong.

Without refusal to participate, there is no braking effect on Asset inflation. Someone quite literally has to lose their ass for things to correct so that the next generation has a sane foundation to build from, and Lord only knows, the centralization hacks pulled off by the last handful of folks have been so stupidly effective, we're even having this conversation. So, who is in the best spot to take haircuts? I assure you, it isn't the people on the lower side of the income/wealth curve.