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I'd be moreso worried about the eventual housing market collapse. I believe there is legislation being discussed that would force corporations to sell of their house holdings within the next 5-10ish years. I imagine that as soon as investment groups aren't allowed to make the obscene amounts of money they have been by abusing the housing market, is when the bottom will fall out. Fits with the rich mentality of privatizing profits while socializing pain.
That would absolutely not pass. Housing corps have far too much influence in politics. A lot of politicians have real estate investment interests too.
Zero chance that legislation passes. As amazing as it would be, roughly zero politicians would vote for it. Sure, you might get Bernie on board.... maaaaaybe AOC, but that's about it. Although the long term would be so much better for the US, the short term crash would be bad for corporations, rich people, and for recently and soon-to-be retired people.
Every retirement fund in existence is banking on housing investments. Which is exactly why the sooner it crashes the better. Rip the bandaid off. Let people have a place to live.
Not like most people born this century ever expected to retire anyway.
Meh, we've been through those results before in 2008. Homelessness and unaffordable housing is a much larger problem than rapid housing value declines. The worse case of housing value decline is personal bankruptcy which is a paper exercise you can financially recover from in 5-7 years of effort.
The worst case of homelessness or unaffordable housing is death.