@desiringgodsbest Echo chamber? Honestly from what I've seen there's one person who's pushing that really hard, a few people who agree with him or unsure, and a bunch of others who think it
might drop but by how much, they don't know.
I wouldn't call that an echo chamber, particularly because it's the complete minority of people's opinion, and that's been the way it's been for years. It's becoming more of a common opinion that it might drop by 10-30%, but even that is the minority.
Also, it being annoying to you to have to read people who think it might drop is very different to it being harmful to the people who are going to be in a lot of pain if house prices drop substantially.
For the most part, people who are locked out of the housing market and have no idea whether they'll be homeless in the future, and don't feel they're able to do things like start a family are currently tangibly in a lot of pain, rather than people who are theoretically going to be in a lot of pain if the market drops. I'd argue those people have been living in that reality for years, and it doesn't get any better for them in a 50% crash due to interest rates either. There's not really much hope for them, or a plan forwards. Other than intergenerational wealth.