Oh no, because of a lot of young people stand to inherit vast capital gains as a windfall from their parents and other relatives.
Thus the absurd popularity of the abolition of the inheritance windfall tax, and in the UK for state subsidy of elder people's care, to avoid them selling or re-mortgaging their properties driving down prices.
Falls in house prices are good news for workers, especially minority and immigrant workers, who move around, and don't expect windfalls from affluent parents.
They are good news actually for everybody, because houses are like cars a consumption item, even if so many affluent rentiers think they are "investments".
- Blissex
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