I agree with you, to a degree. Also, our government throws money around to solve problems too readily, and likely without some necessary restrictions too.The direction the economy is quickly going. Having your property valued at well more than it's worth, without people having the funds to purchase it, due to rising costs and inflation, doesn't make for a good scenario.
I guess no one recalls the housing crisis from not too long ago. How many homes and properties are still abandoned, because people paid much more than what they were worth when prices fell out.
I'm certainly no expert and I have no dog in this race, but I will be impacted by the failing economy. That's my immediate concern.