I see
very few homeowners saying house prices need to drop. Escalator needs to slow down a bit is a euphemism for 'my lifestyle income is more important than you having a home you can afford' (home = rented or owned).
McFlock 2.1.1
lol I used it, and I rent, and don’t exactly have a massive “lifestyle income”.
But house prices dropped under the GFC. Big deal. Homeowners bitched for a couple of years, but shit was still in overdrive. A drop just puts them a few years behind the 8-ball, but if home ownership is a priority, then median incomes need to increase faster than house prices.